It has been observed that to replace a former employee who has resigned or retired, the company has to spend 150% of the previous employee’s salary. In the light of the above statement, it is evident that employee retention and employee engagement are critical issues for the organisation to attend to. What strategies can the organisation use to retain its employees to reduce high labour turnover?

It has been observed that to replace a former employee who has resigned or retired, the company has to spend 150% of the previous employee’s salary. In the light of the above statement, it is evident that employee retention and employee engagement are critical issues for the organisation to attend to. What strategies can the organisation use to retain its employees to reduce high labour turnover?

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter19: Managing Quality And Performance

Section: Chapter Questions

Problem 3EE

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