🔄 Employee turnover has significant implications for businesses, requiring a strategic approach from both HR and Finance departments. Why is collaboration between HR and Finance essential? 🔍 Quantifying the direct and indirect costs of turnover, including recruitment, training, lost productivity, and decreased morale. 📊 Creating data-driven retention strategies that demonstrate value. 💰 Optimizing compensation & benefits packages that are competitive yet financially sustainable, helping to reduce turnover and attract top talent. 📈 Aligning strategy with financial goals to build a sustainable growth model that minimizes turnover while maximizing employee engagement. 🤝 By working together, HR and Finance can create long-term solutions that drive both talent retention and business success. In your opinion, what’s the most important factor in retaining talent? Let us know by voting in the poll below! 👇 #FutureManagerWorld #PlanningFutureActingPresent #HR #Finance #Turnover #EmployeeRetention
