Remove Advertising Remove Attrition Remove Development Remove Leadership
article thumbnail

“I Quit”: Why Employees Quit and How to Retain Them

HR Digest

A high attrition rate is a costly challenge for any business. Sometimes the real cost of fully replacing an employee may run north of $40,000, including advertising, recruitment fees, the time it takes to train a replacement, and not to mention the lost productivity in between. Poor leadership. Why Employees Quit.

article thumbnail

The Right Way to Cut Costs

HR Digest

Instead of outright layoffs, you may explore alternatives such as attrition or offering voluntary early retirement packages. Traditional marketing channels, such as print advertising or television commercials, can be expensive and may not always provide the desired return on investment.

Cost 105
article thumbnail

The Best Ways Your Organization Can Support Working Parents

Harvard Business Review

What are their attrition patterns? It didn’t find attrition immediately after maternity leave, but there was a previously unseen pattern of departures 12–18 months afterward. Among working parents, this practice is particularly dangerous, leading to burnout, family issues, performance decline, or attrition.