Improper handling of EX leads to employee turnover. Most of the time, true cost of employee turnover is underestimated and often goes unidentified as well. Solutions offers by organisations are sometimes too generic and not organisation specific.
According to Gartner for HR Report 2022, with a survey done across 60 countries with 500 plus HR leaders as respondents (39% as CHROs/Heads of HR covered) what is driving the top priorities for HR leaders in 2022 is increasing turnover because of increasing competition for talent. 48% of HR leaders indicated they were significantly concerned about it while 43% of HR leaders indicated they were somewhat concerned.
It is common fact that organisations spend large amounts on recruitment, engagement and training employees. Longer the talent gets retained; more will be the turnover cost. Loosing talent may cost the company twice his annual salary. Talent maybe retained only when employee experience at the workplace is enriching, which bring out the best in him. A highly...
