High staff turnover can certainly have an impact on the value of a business, as it can lead to decreased customer satisfaction, lower productivity, and decreased morale. It can also lead to increased costs associated with recruiting, hiring, and training new staff. Ultimately, if the turnover rate is too high, it can have a negative effect on your business’s sale value. To minimize this risk, it is important to have a good recruitment and retention strategy in place, and to ensure that you are providing competitive wages and benefits to your staff. Additionally, having strong management strategies in place to ensure that staff are well supported and happy in their roles can help to reduce turnover and make your business more valuable.
