High turnover rates can have several negative impacts on a business, such as:
Increased Recruitment and Training Costs: Constantly hiring and training new employees can be expensive. Loss of Productivity: Frequent turnover can disrupt workflows and decrease overall productivity. Damage to Company Reputation: High turnover can harm the company's reputation, making it harder to attract top talent. Lower Employee Morale: Remaining employees may feel overworked and undervalued, leading to further turnover.