From support personnel to C-levels, employee turnover is a costly challenge that all organizations face. According to MIT, when considering both real (replacement selection and recruitment, etc.) and opportunity (such as lost productivity) costs, the impact of turnover amounts to up to 150% of an employees' remuneration package.
Unmotivated employees are a curse for any organization. Fewer things are more harmful to the spirit than working in a place where people are neither happy nor engaged in what they do. While some leave, others remain, contaminating those around them. In the past, keeping and motivating employees was simple, competitive salaries, benefits and bonuses; nowadays, these are not enough.