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Top 5 Management Techniques for Increasing Long-Term Employee Loyalty

Top 5 Management Techniques for Increasing Long-Term Employee Loyalty

The expenses associated with losing a staff member extend far beyond conducting a talent search. While the direct costs average approximately 20 percent of an employee’s annual salary, indirect costs drive that number higher. Lost productivity, diminished team engagement, and expenses associated with training a new hire all contribute to the total cost of turnover. Increasing your long-term employee loyalty or employee retention is critical.

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