What are the Long-Term Implications of High Turnover?
High turnover can have several long-term consequences for entrepreneurial ventures, including:
Increased Costs: Continuous hiring and training can be expensive. Lower Productivity: Frequent changes in staff can disrupt workflow and reduce overall productivity. Decreased Morale: High turnover can create an unstable work environment, affecting employee morale and engagement. Reputation Damage: A company known for high turnover may struggle to attract high-quality talent.