As part of our “Streams of Investigation” program the Digital Workplace Forum examines a specific theme each quarter. In Q1 2012 we’ve produced a report called the “Digital Workplace business case: What is the financial value of investment in digital working?” In this paper we examine the core benefits that can positively impact an organization’s bottom line, and should constitute any business case for investing in the Digital Workplace.
This is the fourth in a series of six blog posts in which we’re looking at each benefit in more detail. This time we’re investigating how investing in a digital workplace can improve employee retention, reducing the levels of staff turnover.
High staff turnover can have a major impact on any organization. Some of this is in terms of direct costs, particularly with processes relating to recruitment, on-boarding and training, as well as potential lost productivity by not having a full complement of staff.
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