Editor’s Note: It’s an annual tradition for TLNT to count down the most popular posts of the previous 12 months. We’re reposting each of the top 30 articles through January 2nd. This is No. 14 of the 800 articles posted in 2018. You can find the complete list here.
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It’s highly beneficial for companies to create a happy, healthy work environment for their employees because, let’s face it, losing employees can be costly. Turnover is a huge loss of time in a variety of respects.
In addition to a huge investment in time, there are also financial losses. The Society for Human Resource Management gives the example of a medical facility losing one $75,000 a year nurse translates into a turnover cost of as much as $41,000. And that’s just one employee.
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For a different perspective see “A Dozen Good Reasons You Should be Cautious About Employee Happiness.”
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Here are 5-more benefits to keeping employees happy:
As an employer, you can spend time and money on many aspects of your business, but your workforce may be your best investment of all. Consider conducting regular interviews with your employees to give and receive feedback. Take proactive steps to address employees’ concerns and create a fulfilling work environment.
