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Employee turnover technically projects the rate of employees leaving a company and new employees filling up their positions. Employee turnover is not a good thing for any company as it directly hits the cost aspect. And yes, employee turnover is expensive.
What could be the reason for employee turnover? There is a saying that most employees leave their managers. If this could be one of the reasons, then inadequate pay could be the other. Surprisingly, neither one of these are the main causes for employee turnover.