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In today’s competitive landscape, losing key employees can have significant repercussions beyond just the immediate gap in your team.
The financial impact of turnover is substantial with some direct and indirect costs. Replacing an employee can cost up to double their annual salary when factoring in recruitment, training, and productivity losses. Moreover, turnover disrupts team dynamics and can affect client relationships, leading to potential service quality issues and customer dissatisfaction.
A robust talent retention strategy not only mitigates these risks but also fosters a stable, motivated workforce capable of driving sustained business growth.
This e-Book explores essential strategies to help you create an environment where your best people choose to stay and thrive.
About Rippling
Rippling is a workforce management system that eliminates the friction from running a business. Today, most companies struggle with everything from routine tasks, like running payroll, to cross-functional planning, like aligning on headcount. That’s because all their data related to people, processes, and systems is scattered in a hundred places.
Rippling has every application you need to run your business—from applicant tracking and payroll to IT and expenses—in one place. But unlike other systems, Rippling sits on top of a unified platform. Data flows dynamically between Rippling’s applications, giving every team a shared source of truth, the power to automate processes, and access to the insights they need. This allows your business to execute better, faster.
