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Turnover in retail is common and costly. According to the US Bureau of Labor Statistics, the average employee turnover rate in retail is 52.5%, which is considerably higher than the national average of 30.7%. These high turnover rates translate into high costs for employing organizations. They can range from 50%- 60% of an employee’s first year’s salary, to as much as two years of an employee’s combined pay and benefits.
Our EGuide, Improving Employee Retention in Retail: Top 10 Strategies, will help you learn:
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