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Reducing employee turnover has a right away impression on operating prices. Costly worker substitute costs are drastically reduced. Expensive mistakes made by new employees practically disappear. Lowering worker turnover permits managers to spend extra time working with clients and coaching staff as an alternative of recruiting and interviewing. High quality improves which reduces service prices and makes for very comfortable customers. What I did not know at the time, due to our accounting strategies, was the influence that lower employee turnover was having on healthcare profit prices and other working issues associated to well being points - like presenteeism and absenteeism.
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