The Real Cost of Employee Turnover and How to Fix It

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The Real Cost of Employee Turnover and How to Fix It

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Turnover isn’t just a people problem — it’s a financial one. In this episode, we break down the true cost of losing an employee, especially in leadership and specialized roles. Discover why bad hires can act like a virus in your company, and how strong culture, transparency, and smart hiring practices are your best defense. Learn the strategies successful teams use to retain top talent and reduce turnover — from pay structure to cultural alignment. Timestamps: (00:00) Why turnover hits harder than you think (01:17) The shocking cost of losing an employee (02:34) Culture as the root cause of turnover (04:28) Specialized roles = higher risk (05:51) How to measure and improve culture (07:23) What real transparency looks like (09:49) Matching roles with purpose and vision (10:48) Most professionals leave because of poor culture fit (11:39) Winning teams, winning culture (12:49) Final thoughts and takeaway About the show: Hire Smart helps business leaders build teams that scale smart and stay strong. Hosted by Eric Farber and Hunter Miranda, the show offers actionable insights into hiring, company culture, and leadership in the age of rapid growth and AI-driven transformation. Subscribe and learn how to hire better, lead stronger, and grow smarter. More episodes: hiresmartpodcast.com Follow Eric Farber on LinkedIn: linkedin.com/in/ericfarber123 Follow Hunter Miranda on LinkedIn: linkedin.com/in/huntermiranda