HR Software And Strategies To Combat Staff Attrition
ComputerWeekly, Friday, July 21,2023
While there is no simple technological solution to the problem of staff attrition, a combination of management strategies and business applications can improve engagement and retention
Low employee engagement costs the global economy $8.8tn per year, the equivalent of 9% of global GDP, according to workplace consulting and research firm Gallup.
Part of this huge bill boils down to the fact that at a time of widespread labour and skills shortages, many employees simply choose to move on if they are unhappy. But they are undoubtedly costly to replace. Personal finance company Nerdwallet estimates that when employing someone on the UK average salary of 32,760 (UK Pounds), recruiters will charge you about 6,552 (UK Pounds) for the pleasure.