Loss of staff talent and knowledge. High-performing workers who have relevant experience are lost due to voluntary turnover.
What is voluntary turnover?
When an employee quits their position voluntarily, whether it's due to retirement, internal transfer, or finding new employment, it's referred to as voluntary turnover. Because they frequently result in the loss of a high-performing employee, these types of turnover are usually more expensive to firms.
People who want more money, better benefits, a better work-life balance, more opportunities to advance in their careers, time to address personal issues like health issues or relocations, increased flexibility, or to get away from a toxic or ineffective manager account for the majority of voluntary turnover.
Hence, the option is b. loss of staff talent and knowledge.
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