High employee churn rates are a major pain point for many HR professionals as businesses and workplaces enter into a big season of change. High churn rates were already a concern due to financial implications (replacement costs typically range from one-half to two times an employee’s annual salary) and their known detrimental effects on operational longevity and customer service/experience.
Now, HR departments can expect employee retention to get more challenging due to continuing budget cuts, mass remote work, and shifting priorities/protocols. One of the best ways to attract, engage, and retain employees is to provide them with impactful training and learning and development (L&D) opportunities.
