Employees can quit for a lot of different reasons, but entrepreneurs are the ones that feel those losses more keenly than the larger entrenched businesses. For the most part, entrepreneurs employ far fewer employees, which means every employee carries more organizational knowledge. If an employee quits at a big box retail store, there are probably four other people with identical training. Employees in entrepreneurial ventures often perform two or three roles that no other employee can replace. Solving the challenge of low employee retention isn’t just a convenient tool for entrepreneurs to know, it’s imperative.
Money doesn’t solve