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Churn is Inevitable
Ten percent turnover is a sustainable average in most industries. It's important to identify if you are experiencing functional or dysfunctional turnover. Functional turnover occurs when low-performing employees leave; dysfunctional turnover occurs when top performers exit the organization.
Reimagining Retention
Studies found that employees provided with professional development have a 34% retention rate compared to those without. The primary reason employees leave is the lack of career progression and a clear path forward.
End-to-end Talent Management
As 65% of employees reconsider the role of work in their lives, it becomes increasingly important for employers to engage employees through proactive skills development from hire to retire.