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How to Retain Employees Without Spending More -12 Easy Tips

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It is critical to your business’s long-term health and success, and turnover costs are high. According to Employee Benefits News , it costs 33% of an employee’s annual salary to replace them. Employee Retention Definition. What is employee retention?

6 Reasons Employees Lack Morale and How Fix It

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Maintaining high employee morale is extremely important for long-term success in business. When employee morale is low, it affects productivity, performance, and employee retention. Have meetings to keep employees informed on company performance and plans.