EMPLOYEE TURNOVER COMES AT A HIGH COST.
Turnover is inevitable in these times. It is not like the 1960’s where someone expected to be at their job until their pension kicks in. Today turnover is the number one cost for organizations and here are a few examples of not only cost, but morale as well.
- Replacing an employee making $100,000 salary can be more than $213,000; over twice their annual salary!
- The cost of hiring a new employee including the advertising, interviewing, screening, and hiring.
- Cost of onboarding a new person, including training and management time.
- Lost productivity—it may take