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Can a development plan reduce turnover?

from Workforce

HR should be a key leader in helping to get turnover under control. Often, a department with high turnover thinks turnover is a necessary evil, or "just the way it is." If they do not realize the cost of turnover, you should point out the real impacts of losing talent, including the costs of recruiting, the costs of training new hires, lost productivity while the position is vacant, inefficiencies while people are in training, the tarnished company reputation caused by turnover, as well as the stress on remaining workers who must fill the void while the position is vacant. These negative forces can make it more difficult to attract quality talent, and have a negative impact on company profitability. more


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