As the Great Resignation rolls on, employers continue to grapple with labor shortages. Job resignations hit a 20-year high of 4.5 million last November, and voluntary turnover has continued at a busy pace. The cost to replace just one employee is collectively costing U.S. businesses an estimated trillion dollars every year.
Employers are concerned, and not just about the financial hit: A rotating door means lost productivity and lower employee morale, which can lead to more departures. This playbook explores how leading companies are finding ways to stabilize work teams including offering:
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