Best Strategies to Reduce Employee Turn Over Rate

In a company, employee turn over is not new to the employees. There are reasons that an employee turn over must be done. One is being fired because of the lack of qualifications or having a low quota for the past few months, the other one is when the employee decided to leave the company.

When there is an employee turnover, the bottom line of it is the company suffers a great deal of expense.

The rate concerning the turn over of the employee is not a very good part to them unlike to those desired applicants who wishes to take over the position. Even there is a takeover, the company must place the required severance pay to the employee.

Companies have high rates of employee turn over, as said before, is costly. When there are replacements made, they need to have payments in order for the new employee to be working with them. Continue reading