10 Causes and Solutions for Employee Turnover

Employee turnover is every employer’s nightmare. According to the Bureau of Labor Statistics, total turnover rates in 2018 were 44.3 percent, but that’s an average of all the industries. Total turnover for the hospitality industry was 76.7 percent in 2018.

Every time a business replaces a salaried employee, it costs the business 6 to 9 months’ worth of that person's salary, according to the Society of Human Resources & Management. Don’t have salary employees? You’re not off the hook (sorry). On average, replacing an hourly employee costs around $3,328 once you factor in recruiting, interviewing, and training time.

On the other side of things, high turnover also negatively impacts employee morale, loyalty, and productivity.

1. DisinterestWhen employees become bored and uninterested in their jobs, they’re on the path to leaving.

Turnover Tip: Invest in your employees' professional development. Challenge them, let them have a say in decisions. Always find room for…