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Technological Advancements : The availability of sophisticated HR platforms and tools has made it easier to collect and analyse data. These tools integrate seamlessly with other business systems, providing a comprehensive view of the workforce. Reduced Turnover High turnover rates can be costly.
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It can erode institutional knowledge, as departing employees take with them valuable experience and insights. Also, the constant need to hire and train new employees can strain resources and divert focus from core business objectives. In contrast, employee turnover is a broader concept that includes both attrition and hiring.
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