Julie,
When employees are not retained, it tends to also impact the overall morale of all of the employees. Typically, continuing employees will need to pick up the slack for those who have left, whether it was voluntary or involuntary. When it is involuntary, it always raises questions with continuing employees regarding their own job security. And that, too, impacts productivity. Some turnover is good but high, continuing turnover will negatively impact the bottom line.
Pat
