Managing employee turnover is the set of strategies used to ensure a company’s or organization’s ability to retain existing employees and attract new ones. This includes optimally managing the cost and risk associated with replacing lost employees, minimizing job vacancies, keeping morale and productivity high, and recruiting diverse talent. Effective management of employee turnover involves taking proactive steps to address issues that can lead to the loss of key staff members. It requires creating a culture of trust and support, offering competitive compensation and benefits, investing in training and development opportunities, and promoting collaboration among team members. By taking these steps, businesses can make sure they have the right people in place to succeed.