small business staff turnover

5 Ways to Address High Staff Turnover Rates

5 Ways to Address High Staff Turnover Rates

Having a high turnover rate among a workforce is generally bad news for any business but for smaller businesses it can be particularly damaging. The processes involved in hiring and training people to become valuable contributors to your business usually requires a considerable investment of both time and resources. So to lose these people for any reason soon after those investments have been made can be a real setback and a source of concern. With that in mind, here are some ways in which a small business might aim to reduce the rate at which its employees move on and aim to establish a more sustainable turnover rate among its workforce. 1. Refine your hiring processes If you have a high staff turnover rate then it could be that the processes you’ve relied upon to identify potential new h... »