Whiteboard strategy sketch Always be prepared to have an open dialogue with employees so that they don't feel caught off-guard by sudden developments in the company. (Image: Chris Nicholls)

Initially, the freedom of remote work kept many workers out of the office, but work/life balance eventually became muddled, causing these same employees to look elsewhere for employment with greater benefits. Turnover among millennials alone has cost U.S. businesses $30.5 billion per year. People want more than competitive pay, and companies will need to get creative and innovative to attract and retain employees.

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