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The Financial Implications of Employee Turnover: A Detailed Analysis of Recruitment, Onboarding, and Lost Productivity Costs
In the current competitive healthcare environment, retaining skilled employees is vital for ensuring operational efficiency and providing quality patient care. High employee turnover can significantly harm a medical practice’s financial health, leading to hefty expenses associated with recruiting, onboarding, and losing productivity. This article delves into these financial consequences, specifically targeting medical practice administrators, owners, […]...
08 Oct 2024