Employee turnover has been one of the biggest problems in the corporate business world today (Nuhn). As a result, employers have sought to implement various turnover reduction strategies to improve retention rates within the organization. These strategies include: providing competitive wages with necessary benefits, providing adequate training and employee advancement programs, and hiring the right people. The people hired must have the right skills and be competent enough to promote the organization towards achieving its goals, vision and mission (Allen). Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Showing appreciation through providing incentives and compensation to employees within the organization is a key ingredient in reducing employee turnover (Allen). Benefit packages such as competitive salaries, life insurance, profit sharing, flexible working hours, bonus programs and reimbursements would have a significant positive impact on employees. For example, benefits packages will influence their attitude and perception towards an organization, thus leading to an increase in retention rate (Allen). This will ultimately reduce employee turnover. They will find it difficult and unhealthy to move to another organization (Nuhn). Greater employee retention can be facilitated through offering appropriate training and programs to increase employee confidence and sense of value (Nuhn). These programs create a platform whereby employees gain in-depth know-how of their roles and job 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 them and help them improve their tasks (Allen). Job hopping within the organization is caused by failure to hire the right employees (Allen). Since employers place a lot of importance on vetting candidates, they should look for candidates with the required skills and competencies. Those who would be interested in representing a valuable resource for the company rather than gaining experience and taking it elsewhere, thus helping to reduce possible future employee turnover (Nuhn). Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay It is evident that employee turnover would be drastically minimized by having proper retention strategies and techniques, as highlighted above. An employee needs to feel valued and appreciated through training opportunities and assistance in developing their career (Allen). The high retention rate is attributed to adequate compensation and benefits packages such as competitive salaries and profit sharing. Offering training and programs can also significantly reduce employee turnover. Therefore, employers must adopt appropriate retention strategies to minimize turnover costs (Nuhn).