Employee Retention Bonus An employee retention bonus is a financial incentive offered to current employees to encourage them to stay with the company for a specified period of time. These bonuses can take various forms, such as cash bonuses, stock options, or additional benefits. The goal is to reward employees for their loyalty and commitment… Read More »
Importance of Turnover Importance of Turnover in business for several reasons: 1. Financial Performance: Turnover provides a measure of a company’s revenue generation and financial performance. It indicates the amount of money flowing into the business from sales of goods or services. High turnover generally suggests healthy financial performance, while low turnover may indicate… Read More »
Turnover Rate The turnover rate, also known as the employee attrition rate, is an important metric for organizations to monitor and analyze. Here are some reasons why the turnover rate is considered important: 1.Cost of Turnover: High turnover can be costly for businesses. When employees leave, there are expenses associated with recruiting, onboarding, and training… Read More »
