How can an organization most effectively reduce turnover? By reducing the number of performance appraisals. By offering competitive compensation and benefits. By hiring based solely on qualifications. By increasing the number of working hours.

An organization can most effectively reduce turnover by offering competitive compensation and benefits. This approach can help to ensure that employees feel valued and appreciated for their work, which can increase job satisfaction and loyalty, thereby reducing the likelihood of turnover.

Here are the steps an organization can take to reduce turnover:

1. Understand the Market: Research what other companies in the same industry and region are offering their employees in terms of compensation and benefits. This will give the organization a benchmark to compare against.

2. Review Compensation Packages: Based on the market research, review the current compensation packages being offered to employees. If they are not competitive, consider making adjustments.

3. Offer Benefits: In addition to a competitive salary, consider offering benefits such as health insurance, retirement plans, and paid time off. These can greatly increase job satisfaction and loyalty.

4. Communicate: Make sure to communicate any changes in compensation or benefits to employees. This will help them understand the value of what they are receiving and can increase their satisfaction with the organization.

5. Regularly Review and Adjust: The job market is always changing, so it's important to regularly review and adjust compensation and benefits to stay competitive.

Remember, while compensation and benefits are important, they are just one piece of the puzzle. Other factors such as work environment, opportunities for growth and development, and recognition for good work can also play a big role in reducing turnover.