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Employee Growth Plans: The Key to Retention and Team Success

Summary by LexBlog
Employee retention is one of the biggest challenges for businesses today. Did you know that 45 million U.S. workers quit their jobs in 2023? Replacing them doesn’t come cheap—replacing a leader or manager can cost around 200% of their salary, while filling technical roles costs about 80%, and frontline workers 40%.  The good news? Implementing well-designed employee growth plans can significantly improve retention rates, saving both money and ti…
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