How to Reduce Employee Turnover: 5 Key Strategies Wondering how to reduce employee turnover? You’re not alone. Employee retention is one of the tech sector’s most pressing concerns and it impacts both sides of the hiring equation. Employers want efficient, productive teams and employees want stable, reliable jobs. High employee turnover makes both of these goals less obtainable. Despite this,…

According to research compiled by the Center for American Progress, high employee turnover results in significant costs to businesses across most industries. It costs businesses about 20% of an employee’s annual salary to find a replacement and that percentage rises to more than 200% of annual salary when replacing a highly trained executive. Of course, there are hidden costs of…