Everyone talks about how to improve employee retention rates and reduce turnover, especially in this low unemployment environment. After all, we all know how time-consuming and expensive it is to replace employees when they leave. We know how much more efficient it is to keep good employees in place rather than having to constantly be on the lookout for new hires for key roles.
But what about the other side of the coin—what about the negative aspects of low turnover and high retention? There are actually some significant downsides to this situation, as well. Let’s take a look.
