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employee%20retention%20is%20a%20significant%20concern%20for%20organizations%20globally%20(ghani%20et%20al.%2C%202022%3A3).%20retaining%20talented%20employees%20is%20crucial%20for%20any%20organization%2C%20offering%20a%20competitive%20advantage%20(kurdi%2C%20alshurideh%20%26%20afaishat%2C%202020%3A3981).%20the%20loss%20of%20valuable%20employees%20can%20result%20in%20decreased%20productivity%2C%20compromised%20work%20quality%2C%20and%20substantial%20economic%20expenditures.%20direct%20costs%20include%20recruitment%2C%20training%2C%20and%20management%20time%2C%20while%20indirect%20costs%20encompass%20diminished%20morale%2C%20collaboration%2C%20and%20organizational%20knowledge%20(dechawatanapaisal%2C%202018%3A2).%20moreover%2C%20the%20loss%20of%20social%20capital%20exacerbates%20these%20effects.
employee retention is a significant concern for organizations globally (ghani et al., 2022:3). retaining talented employees is crucial for any organization, offering a competitive advantage (kurdi, alshurideh & afaishat, 2020:3981). the loss of valuable employees can result in decreased productivity, compromised work quality, and substantial economic expenditures. direct costs include recruitment, training, and management time, while indirect costs encompass diminished morale, collaboration, and organizational knowledge (dechawatanapaisal, 2018:2). moreover, the loss of social capital exacerbates these effects.
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employee%20retention%20is%20a%20significant%20concern%20for%20organizations%20globally%20(ghani%20et%20al.%2C%202022%3A3).%20retaining%20talented%20employees%20is%20crucial%20for%20any%20organization%2C%20offering%20a%20competitive%20advantage%20(kurdi%2C%20alshurideh%20%26%20afaishat%2C%202020%3A3981).%20the%20loss%20of%20valuable%20employees%20can%20result%20in%20decreased%20productivity%2C%20compromised%20work%20quality%2C%20and%20substantial%20economic%20expenditures.%20direct%20costs%20include%20recruitment%2C%20training%2C%20and%20management%20time%2C%20while%20indirect%20costs%20encompass%20diminished%20morale%2C%20collaboration%2C%20and%20organizational%20knowledge%20(dechawatanapaisal%2C%202018%3A2).%20moreover%2C%20the%20loss%20of%20social%20capital%20exacerbates%20these%20effects.
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employee retention is a significant concern for organizations globally (ghani et al., 2022:3). retaining talented employees is crucial for any organization, offering a competitive advantage (kurdi, alshurideh & afaishat, 2020:3981). the loss of valuable employees can result in decreased productivity, compromised work quality, and substantial economic expenditures. direct costs include recruitment, training, and management time, while indirect costs encompass diminished morale, collaboration, and organizational knowledge (dechawatanapaisal, 2018:2). moreover, the loss of social capital exacerbates these effects.
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