oboloo Glossary

Decrease Employee Turnover

oboloo Glossary

Decrease Employee Turnover

Decrease Employee Turnover is the process of ensuring that your company keeps good employees and reduces its rate of employee turnover. It means creating a work environment that encourages employees to stay with your organization for as long as possible while minimizing any inconvenience they may experience in transitioning to a new role. It also involves creating incentives to attract and keep talented employees, such as offering flexible hours, competitive compensation, and development opportunities. Decrease Employee Turnover can have a significant positive impact on the financial bottom line – when done well, it leads to fewer skills gaps, greater employee productivity, better customer relationships, and higher customer loyalty.