Employee turnover can wreak havoc on your company. For starters, it’s expensive. While exact figures vary by role, industry and other factors, the cost to replace a team member who resigns typically ranges from one-half to two times their annual salary, or more. And on top of that financial hit, morale, productivity, and your reputation [...]
Read More
As noted by the Work Institute, more than a third of employees quit their jobs within the first year. Forbes cites common reasons – even narrowing that window to six months – including roles not meeting expectations, poor management experiences, and lack of development opportunity. After the significant investment you make in every new hire, [...]
Read More
As reported recently by the Department of Labor, the average tenure of an employee in the United States is 1.5 years. According to one HR study, in 88 percent of voluntary job turnovers, the root cause is something other than money. As your company addresses the pressing issue of employee churn and minimizing turnover, consider [...]
Read More
June 26, 2024
