How to handle a small team to get maximum productivity and reduce employee churn?

Any company may have to deal with such a situation sometime or other, where the productivity can decrease and employee churn is the only option that can help get out of this situation, but it all depends on the organization how they handle and get over with a situation like this, where employee churn can be avoided or reduced and maximum productivity can be achieved.

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How to handle a small team to get maximum productivity and reduce employee churn?
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