This post takes its cue from a report from McKinsey. The report is worth a look; briefly, it says retention and attrition are most influenced by pay, meaningful work, flexibility, and development opportunities. This article focuses on the last, saying that companies that support 'own your own development' are not succeeding in reducing attrition. There's a good case that such companies are doing it badly; The suggestions offered aren't bad, but this is a topic that could fill a book.
p.s. To write professionally, don't write "all employees are not on an equal footing" when you mean "not all employees are on an equal footing." The first means 'no employees are on an equal footing', which is probably false. The latter means 'some employees are not on an equal footing', which is most likely true.
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