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Top Reasons for High Turnover Rates (And How to Lower Them)

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It can cost up to 200% of their annual salary to replace highly trained employees and executives. Career Development. Problem: Employees lack opportunities for career advancement. Solution: Implement succession planning and offer professional development opportunities. In the Maximillion infographic cited above, lack of career development opportunity was the most common reason given for changing careers.

7 Challenges Facing HR Departments in 2018

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Stan Kimer, president of Total Engagement Consulting by Kimer , a career development consultancy firm, agrees. HR needs to design significantly [improved] training related to what sexual harassment is and isn’t,” she says. Experiential training is much more effective.”. This has a trickle-down effect on everything from recruiting to training and leadership identification within organizations.