Questions for You to Answer

What You Should Think About.

How many of your employees do you expect to leave your organization this year? How many have already left? A recent study shows that almost one-third of employees surveyed expect to leave for another job within the year. Taking into consideration the cost of advertising, interviewing, time, travel, lost productivity, and other associated expenses, the cost of replacing each employee costs the company between 29 and 46 percent of his or her annual salary. More recent studies have shown that the replacement cost can be as much as 100 percent of an annual salary. While turnover can't be stopped, it can be reduced by identifying and addressing its cause.

Retention creates success!