What are common causes of high employee turnover?

High turnover can result from a variety of factors, including both voluntary and involuntary departures. It can include poor management practices and low compensation. Employees may leave if they don't feel valued, get insufficient training and development, or have misaligned job expectations. Employees may choose to leave simply because the role isn’t the right fit or they’ve found an opportunity that better aligns with their career growth.

How does turnover affect company culture?

High turnover rates can create uncertainty and stress among team members, potentially causing new hires to question why turnover rates are high. Team dynamics often suffer when remaining employees have to take on additional responsibilities and integrate new hires. Businesses can mitigate these effects through strong cultural onboarding and leadership development programs.

How do high turnover rates affect your business?

Turnover can be expensive for employers. Recruiting and training new hires can be a significant expense, especially when factoring in lost productivity, onboarding time, and resource investment. Businesses may also face overtime payments and customer service disruptions. Companies can address turnover by gathering feedback on why employees leave and developing effective retention strategies.