Benefits of Workplace in Employee Retention

Category: Academics

Introduction Frequent turnover of staff can adversely affect the longevity and overall performance of your business. Replacing employees can be costly, time-consuming, and damaging to your company's reputation. In the past 1.5 years, many workers from various industries worldwide have quit their jobs in large numbers. Several theories have been put forth to explain this mass exodus, but research suggests that it may be due to reasons such as low wages, limited opportunities for career advancement, poor work-life balance, dissatisfaction with management or the company, and a range of other factors.