Employee retention is essential for maintaining productivity, reducing recruitment costs, and building cohesive teams. According to Gallup, 52% of employees who leave state their departure was preventable, underscoring the need for proactive retention efforts. High turnover can strain budgets, with SHRM estimating replacement costs up to 50-60% of an employee鈥檚 annual salary. Implementing strategies that enhance engagement and job satisfaction is key for HR professionals and recruiters aiming to foster loyalty. Here are seven effective strategies designed to strengthen retention and create a stable, committed workforce for long-term success.
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