Retaining employees
starts on their first day
Employee turnover is expensive. Replacing a worker costs about a third of that employee’s salary, according to the Work Institute’s 2017 Retention Report, or an average of $15,000 per employee.
Hiring new workers is costly, even if you’re not replacing an employee — advertising, paying a recruiter for time spent reviewing applications and interviewing, the cost of background checks and other screening tests… it adds up to thousands of dollars per hire.
Hiring new workers is costly, even if you’re not replacing an employee — advertising, paying a recruiter for time spent reviewing applications and interviewing, the cost of background checks and other screening tests… it adds up to thousands of dollars per hire.