Employee turnover is expensive! Studies put the cost of turnover at between seventy and four hundred percent of the departing employee's annual pay. Recruiting costs are one thing, but when you add in lost productivity, required ramp up time, and loss of organizational knowledge - it is easy to see how each unwanted resignation adds up very quickly.
Retirement experts predict that as the baby boomer generation continues to retire in waves, the "war for talent" will grow even more fierce. The best way to stay out of the battlefield? Keep the top performers you already have!
While turnover rates vary by industry, there is no reason why you have to conform to industry norms. If you are concerned about turnover, we can work with you to get a handle on what is causing your unwanted turnover and then help you generate on-target programs to reduce it.
If you're tired of seeing money walk out the door, give Cheri a call to talk about turnover.
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