Is morale low at the office? Are you having trouble with productivity in the workplace? If so, that’s a big problem for your company, and you might start losing talent—soon. Retaining top talent is key for growth1—not only for the innovation and high-quality work good employees offer but for the cost-saving benefits of long-term employment.
Studies vary widely on the actual dollar amount it costs to replace an employee since the loss is often in time and productivity. Regardless of whether it costs $3000 to replace an employee or $300,000, it’s still a risk and expense to find the right candidate, convince them to get on board and get them up to speed in the role.
So. How can you keep turnover low?
Preventing a toxic environment in the office is one great way to boost employee retention, productivity, and happiness. The catch? You can only prevent and improve a toxic workplace if you can spot the signs before the issue spins out of control. Here are five signs your workplace is toxic.