Employee turnover has adverse effects whose impact is much more than the strain of acquiring new talent. The sheer cost of replacing an employee who has been doing well and adding value to the company is hard to quantify. Therefore, retaining employees who bring value is always a great option compared to hunting for talented candidates who will contribute to the company’s future success.
Having trouble finding the right fit for a particular role? Have you onboarded several people in the recent past and most of them have stated that the role did not turn out to be as expected? If the answer to either of these questions is yes, then the first thing to ask oneself is - When was the last time you updated the job description which has been posted on multiple job portals. If the answer is you don’t remember or a long time back - then here lies the root cause of your problems.