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What is staff turnover?

Staff turnover means the number of employees who leave a company during a certain time and need to be replaced. When many employees leave, it can show problems in your business that need to be identified and fixed quickly.

Why is high staff turnover a problem?

High staff turnover is damaging to a business. It lowers worker productivity and morale. It can also make your company look like a bad place to work, making it hard to attract new employees. This, in turn, can negatively affect your business success and growth.

Benefits of retaining staff

Keeping your employees happy and treated fairly helps your business. When staff stay longer, your business becomes more stable. Employees feel they belong and take pride in their work. This retains valuable skills and often boosts productivity.

Low staff turnover

Low staff turnover is generally a good thing. However, if staff turnover is too low, it might be a sign that your business is not getting fresh ideas. New employees bring new skills and ways of working that can improve your business.

Staff turnover is a risk for any business, but you can reduce its impact by having a clear plan to manage your employees well.

This guide will help you identify the causes affecting staff turnover and how your business can monitor staff turnover. This guide also explains the cost of losing employees and how you can reduce staff turnover.