| dc.description.abstract | The negative effects of a high rate of employee attrition include increased recruiting costs,
increased employee training costs, reduced production as well as potential reduction of
innovation, organizational growth, and long-term succession planning. Conversely, high rates of
employee satisfaction increase organizational profitably, productivity, employee loyalty and
retention rates. Employees who have access to professional development programs that include
traditional and non-traditional education opportunities increase their workplace satisfaction
ratings and organizational loyalty. By offering non-traditional education opportunities that allow
employees to pursue education of a personal interest, such as industry certifications, Massive
Open Online Courses (MOOCs), and non-degree related college courses employers can
potentially increase retention rates, reduce overall operating costs, and increase profitability. | en_US |
