{"id":138502721,"date":"2016-06-01T05:00:00","date_gmt":"2016-06-01T09:00:00","guid":{"rendered":"https:\/\/acccapital.com\/how-to-reduce-employee-turnover-in-a-small-business\/"},"modified":"2026-04-02T12:57:50","modified_gmt":"2026-04-02T16:57:50","slug":"how-to-reduce-employee-turnover-in-a-small-business","status":"publish","type":"post","link":"https:\/\/acccapital.com\/hi\/how-to-reduce-employee-turnover-in-a-small-business\/","title":{"rendered":"How To Reduce Employee Turnover in a Small Business"},"content":{"rendered":"

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By polling several hundred HR departments across the country, Smallbizdaily.com discovered that turnover and employee engagement are the top challenges they tackle every year.
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\nLet\u2019s start with some stats.<\/strong> On average, any size company loses anywhere from a quarter to a half of its employee base annually. On the flipside, companies who report high engagement in their workers have 1\/3 lower turnover rates.<\/p>\n

A little over half of employees are currently searching for alternate job opportunities. And a little under half of small business owners report that losing their employees to another company is a major concern.<\/p>\n

Let\u2019s round it out with the \u2018why\u2019 of it all. <\/strong>So why is this a problem? If one employee leaves, there\u2019s always at least 20-30 resumes kept in a file somewhere of candidates who would jump at the chance for a job. True. You could replace. There are always job seekers. But that\u2019s putting a rather expensive band-aid on the issue rather than truly healing the sore. So what does high turnover really cost your company?<\/p>\n

Monetary<\/em><\/p>\n