Inclusion in the workplace can cut company attrition risk by 50%
Attrition risk refers to the possibility or likelihood of employees leaving a company or organization, either voluntarily or involuntarily, and the potential negative impact this could have on the organization's operations, productivity, and financial performance. Attrition risk is often associated with high turnover rates and can be influenced by various factors such as job satisfaction, work-life balance, compensation and benefits, company culture, and opportunities for career growth and advancement. Organizations often take measures to mitigate attrition risk, such as offering employee retention programs, conducting regular employee engagement surveys, and fostering a positive work environment that encourages employee loyalty and commitment.
By including every employee and celebrating diversity in the workplace, companies regularly reap the benefit of increased worker retention. Those in leadership positions need to understand that feeling valued and respected in the workplace is critical for improved motivation and the mental wellbeing of employees.
Target is closing nine stores in California, Oregon, New York, and Washington due to increasing thefts and organized retail crime that have put the safety of employees and customers at risk.