The Center for American Progress found that businesses spend about one-fifth of an employee's annual salary to replace them - 20% of the annual salary, benefits, etc.  This includes the costs of hiring and training a new employee plus productivity losses.

So if you hire an employee; pay them for two months, endure errors, re-work, absenteeism and the eventual termination – you’ll also lose profits equal to more than two months of that person’s FTE costs.

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The American Management Association has reported that the average turnover rate is now 14-19%.  Turnover can destroy your enterprise and high-performers expect leaders to create a stable working environment with established policies and a commitment to protecting the organization from turnover-related chaos.

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A Journal of Organizational Behavior study showed that workers with a stronger sense of psychological ownership have higher job satisfaction and organization-based self-esteem.   Opportunities to add skills and develop ownership of the vision are essential to their productivity and retention.

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An article by Entrepreneur.com indicated that high-performers are 116% more likely to stay with their current company than low performers.  They are also the best prospects for leadership if given the opportunity to develop their management skills.