Why Employee retention is important?

In today’s dynamic world of business, every company tries to get the best resources possible to build a competitive edge over the others. Human resources play a vital part in the success and failure of a company. Finding a human resource with the level of skills and knowledge is a herculean task in itself, with more and more companies focusing on the same. Even if the company manages to attract talent into the company the next best challenge comes in the form of retention of the employee.

When one of the employees resigns, it creates a new challenge for the managers which adds to their regular job. The departure of the skilled and experienced professional creates pressure on the managers to find a similar or better replacement so that the operations of the business are not affected. Not only this but it also poses a challenge in terms of its effect on the other employees of the team.

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