Employee retention

Employee retention is very important to organizations. If employees can not be retained, the company will have to invest money for training new employees time and time again. The cost of replacing an employee is high not only financially, but in terms of lost productivity, the time taken by the employer to go through the resumes and the cost incurred to conduct interviews. The best away to avoid this costly affair is to focus on …

…so. As the turnover rate continues to rise to its highest levels in nearly a decade, it's good to know that finding, hiring and keeping the right people can be accomplished today with more than just subjective observation, opinion and emotion. Dessler, Gary. Human Resource Management. Prentice Hall, 2003. PCPS NEWS RELEASES,http://www.pcps.org/member/releases_may22_02.html,2002 Saxby ,David. What Can Retailers Do About Employee Turnover? http://www.measure-x.com/tips/empturnover.html