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Employee turnover can bring a mixed bag of positive and negative impacts. Although some turnover brings interruption to ongoing projects and costly recruiting, sometimes it’s beneficial for revitalizing or fine-tuning your workforce. In either case, it’s critical that you prepare for turnover so you can be proactive in taking the steps needed to retain your top talent.
Workforce turnover presents a dilemma to all companies around the world. Some estimate that the cost of losing and replacing a single employee can equal more than twice that employee's salary, with costs increasing further based on the departing employee’s seniority. Be proactive with your talent retention and workforce planning efforts and explore information regarding voluntary and involuntary turnover across six career levels for over 100 markets.
Published: November 2018
Next Release: November 2019
File format(s): PDF, Excel
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Did you know that the average involuntary turnover rate in Sri Lanka is by far the lowest in the Asia Pacific region?
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