Hiring a new employee comes with a high price tag. But besides marketing the vacancy, conducting background checks, and training the new employee, it also involves priceless hours of effort by HR professionals. However, many employers don’t realize that retaining existing employees is cheaper than hiring new ones. Often, employers let a talented employee leave only to regret it later.

To retain employees in the long run, employers must work toward keeping employees motivated in the long run. While a fair […]