Six ways companies can reduce staff turnover and boost productivity

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A lot of companies lose millions yearly due to a high turnover rate of their staff.

It takes money to replace and train replacements and this is why businesses should endeavour to reduce their staff turnover rate.Consider culture fitness while hiring:

You can ask questions to test their behavioural responses to scenarios during the hiring process and to even go the extra mile, show them around your business and pay close attention to how they respond to the environment.Offer competitive staff benefits and rewards. Many employees want benefits and may decide to jump ship if they see another company who offers them even slightly less pay than you are, but with greater benefits.

Paying staff early or setting up a system to pay staff when due, ensures they put in their best and makes it even less attractive for them to look outside.For every major stride, positive reinforcement goes a long way to showing staff they are appreciated and makes most of them put in the extra work.

 

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