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How Can a PEO Increase Retention Rates?

by Tim AustinJuly 11, 2017 8:00 AM

Employee retention is a significant area of focus for most  business owners. According to talent management and HR site ERE Media, “78 percent of business leaders rank employee retention as important or urgent,” showing that the average owner wants to avoid losing good talent. 

There are many reasons why an unexpected departure can prove problematic for employers. It can disrupt workflow. It can have a negative impact on chemistry. Also, it can cost up to 50 percent of an entry-level employee’s annual salary to find someone to replace your outgoing employee. That’s a pricey goodbye.

Retention is a big issue that many employers want to   address before their company turns into a revolving door for talent. Fortunately, Professional Employer Organizations can  help your business improve employee retention. Here’s how.

Image of happy employees due to employee retention strategies from a PEO.

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