Tag: cost of turnover

Breaking Down the Direct Costs of Employee Turnover

Hands counting us dollars with calculator and digital tablet

What gets measured gets managed. With the estimated costs of employee turnover ranging from 33% up to 200% of the departing employee’s salary, it is imperative for organizations to understand exactly what goes into the overall cost of employee turnover. There are multiple layers in beginning to calculate the exact costs of turnover which is… Continue reading Breaking Down the Direct Costs of Employee Turnover

Attracting & Retaining Employees Requires Rethinking Your Approach

Rearview shot of a young businesswoman scratching her head while writing down ideas on a glass wall in her office

Organizations continue to struggle with finding, attracting and retaining employees. And after they have done that, they struggle with creating the workplace conditions necessary to drive employee productivity. To manage responsibly, companies increase budgets and resources (money and people) on engagement initiatives that simply do not work. Billions of dollars are spent on employee attraction,… Continue reading Attracting & Retaining Employees Requires Rethinking Your Approach