Cost and Consequences of High Attrition Rates for Tech Companies

High turnover rates in tech cost a lot due to hiring and training new staff.

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It delays projects and loss of knowledge, affecting productivity.

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A turnover cycle brought on by constant turnover harms team morale and culture.

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It also erodes the company's reputation, making it later on more difficult to recruit top employees.

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On the other hand, attrition can occasionally inject fresh perspectives and creative ideas into a team.

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Cost and Consequences of High Attrition Rates for Tech Companies

High turnover rates in tech cost a lot due to hiring and training new staff.

It delays projects and loss of knowledge, affecting productivity.

A turnover cycle brought on by constant turnover harms team morale and culture.

It also erodes the company's reputation, making it later on more difficult to recruit top employees.

On the other hand, attrition can occasionally inject fresh perspectives and creative ideas into a team.

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