HERE'S YOUR FREE REPORT:
A Compilation Study on the Various Turnover Costs Across Industries
I would like you to imagine, now, the cost of turnover for your employees with higher salaries.
This cost includes aspects such as: cost of recruitment, cost of training, interviewing time, evaluations, applicants’ reviews, research, time spent on creation of personal files and paperwork for each new employee, etc. And in some cases, these studies have seen fit to include the costs derived from inconsistencies in quality, time spent by supervisors dealing with the absence of one or more employees, the inefficiency in teamwork this may cause, and other aspects such as cost of opportunity, which means other, potentially more important, tasks are neglected to attend the process of interviewing, recruiting, training and battling employee absence, and in some instances, the cost of loss of clientele. I hope this report and these notes will be of use for you and your company when in the process of evaluating the need to create an employee retention plan and a leadership training program.
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