In each and every area of business, organizations rely on their employee’s experience, know-how and skill sets for smooth functioning operations. One of the greatest values an employee provides to a business is that of their accumulated knowledge, or human capital. The actual cost of replacing an employee is far more expensive than the price of recruitment. A long-term employee that leaves a business takes with them familiarity and skills which cannot be replicated without the investment of time and money in additional staff.
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