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hello and welcome to another can Indian channel feature this video is a part of MBA 101 SHRM segments in this video were going to be looking at turnover and employee retention first lets look at why retention of the employees is so important retaining a positive and motivated staff is vital to an organizations success high employee turnover increases expenses and has a negative effect on companys morale implementing an employee retention program is an effective way of making sure key workers remain employed while maintaining job performance and productivity a company can docHubly benefit from employee retention programs because for direct effect on an employers bottom line high turnover can be expensive according to the Society for human resources management employee replacement cost can docHub as high as 50 to 60 percent of an employees annual salary strategies geared towards retaining good workers helps offset employee replacement cost and reduces the indirect costs such a