How to keep your best employees from leaving

High employee turnover is one of the insidious problems plaguing small businesses all over the world. Replacing employees is a very time-consuming and costly activity. Think about the direct costs of recruiting and training new staff, the opportunity cost as a key position remains open, and how it hurts the morale and productivity of the remaining employees. According to a 2019 research from Gallup, replacing just one individual can cost one-half to two times the employee’s annual salary.