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HR Strategies Used to Reduce Employee Turnover and Replacement Costs
Английски език
144 b
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Ineffective employee well-being strategies can increase turnover, replacement costs, knowledge loss, and operational disruption. This qualitative study explored successful well-being strategies used by 10 HR leaders to reduce turnover and costs. Data from semistructured interviews and secondary sources revealed six key themes: work-life flexibility, psychological safety, change communication, talent development and rewards, inclusive leadership, and data-driven feedback. Findings suggest HR leaders should align well-being initiatives with organizational performance and social sustainability goals. Effective strategies can strengthen employee dignity, employability, economic security, career mobility, financial well-being, and inclusive economic participation, benefiting both organizations and communities.
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Английски език
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