How do professional development plans contribute to employee retention?
- By demonstrating investment in employees' growth and career progression
- By providing monetary incentives and bonuses to high-performing employees
- By enforcing strict performance evaluations and disciplinary actions for underperforming employees
- By offering limited opportunities for advancement and skill development within the organization
Professional development plans signal to employees that the organization is invested in their growth and career advancement, which increases job satisfaction and loyalty, leading to higher employee retention rates.
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