Employee turnover is a major problem in today's business world (Nuhn). As a result, employers have attempted to implement various strategies to reduce employee turnover in order to improve the retention rate within the organization. These strategies include: providing competitive salaries with necessary benefits, providing appropriate training and programs for employee advancement, and hiring the right people. Those hired must have the appropriate skills and be competent enough to help the organization achieve its goals, vision, and mission (Allen). Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay Showing appreciation through offering incentives and compensation to employees within the organization is a key ingredient in reducing employee turnover (Allen). Benefits such as competitive salaries, life insurance, profit sharing, flexible working hours, bonus and reimbursement programs would have a major positive impact on employees. For example, employee benefits will impact their attitude and perception towards an organization, thus leading to an increased retention rate (Allen). This will ultimately reduce staff turnover. It will be difficult and unhealthy for them to move to another organization (Nuhn). Increased employee retention can be facilitated through the provision of appropriate training and programs to build employee confidence and sense of value (Nuhn). These programs create a platform through which employees gain in-depth knowledge of their job roles and requirements, making it easier for them to achieve their goals. Personal growth and career development can also be achieved through these training programs. Employees gain knowledge and learning opportunities that will facilitate and help them improve their tasks (Allen). Job changes within the organization are caused by the inability to hire the right employees (Allen). As employers place a lot of emphasis on vetting candidates, they should look for candidates with the required skills and competencies. Those who would be interested in becoming valuable assets to the company rather than gaining experience and taking it elsewhere, thereby helping to reduce future employee turnover (Nuhn). Keep in mind: this is just a sample. Get a custom paper now from our expert writers. Get a Custom Essay It is obvious that employee turnover would be significantly reduced by having proper retention strategies and techniques as highlighted above. An employee needs to feel valued and appreciated by receiving training opportunities and being helped to develop their career (Allen). A high retention rate is attributed to appropriate compensation and benefits such as competitive salaries and profit sharing. Providing training and programs can also significantly reduce employee turnover. Therefore, employers must adopt appropriate retention strategies to minimize turnover costs (Nuhn).