Employee turnover costs money. A lot of money. Money that you can’t afford to lose.
Here's a sneak peak of what's inside:
Employee turnover costs money. Just how much money are we talking about?
Check out these statistics:
Some studies predict that every time a company replaces a salaried employee, it costs 6 to 9 months’ salary on average.
For a manager making $40,000 a year, that’s $20,000 to $30,000 in
recruiting and training expenses.
But others predict the cost is even more and that losing a salaried employee can cost as much as 2x their annual salary, especially for a high earner or executive-level employee.