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with a new year upon us your attention is likely focused on setting financial and productivity goals for your business as you plan make sure to take a look at one area you may have overlooked employee retention while it may not be immediately obvious employee retention has a huge impact on your bottom line and now is a great time to make some employee retention resolutions that will pay off all year long welcome to HR over coffee and series from the experts at HR 360 where youll learn how to effectively hire manage and terminate employees poor employee retention can be a pricey problem for any business high turnover rates result in lost productivity and additional expenses such as recruiting hiring and training replacement employees a general guideline is that replacing an employee who voluntarily leaves cost about 25 percent of that positions total salary and benefits using these multipliers and employee earning a salary of $50,000 a year could cost more than sixteen thousand dollars
