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Essay text:
Finally, solutions and strategies organizations can take to offset or minimize the damage that is done by worker turnover.
The problem
“Retention of valuable employees is one of the most critical issues that confront leaders in today’s business world” (Mayfield & Mayfield, 2008, p.41). The truth in these words cannot be overstated. Chief Executive Officers agree that planning for the years ahead is overwhelmingly dependent upon the retention and replacement of significant employees (Frank, Finnegan, & Taylor, 2004). Organizations are consistently dealing with employee turnover either because of the retirement of baby boomers or because of workers voluntarily leaving the organization...
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