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@article{185148,
        author = {V.Padmavathy and Dr.P.Uma swarupa},
        title = {Talent Retention Strategies: Employee Turnover Costs in Human Resource Accounting},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {5},
        pages = {242-245},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=185148},
        abstract = {In today's fast-paced business environment, talent retention has become paramount. This article delves into the world of talent retention strategies, focusing on how they account for the often-overlooked costs associated with employee turnover. Employee turnover is a pervasive challenge for organizations, disrupting operations and incurring hidden financial burdens. Our study addresses this issue by examining the factors contributing to turnover and evaluating the financial repercussions, including recruitment expenses, training investments, and productivity losses. We also explore the effectiveness of retention strategies such as professional development programs and flexible work arrangements in mitigating turnover rates. Our analysis reveals that job satisfaction, work-life balance, and career growth opportunities are not strongly correlated with turnover. However, the hidden costs of turnover are substantial and significantly impact organizational performance. Implementing retention strategies, particularly professional development and flexible work arrangements, can significantly reduce turnover rates. This article underscores the importance of talent retention in contemporary organizations and offers actionable insights for success},
        keywords = {talent retention, employee turnover, hidden costs, recruitment, training, productivity, professional development, flexible work arrangements, organizational performance},
        month = {September},
        }