Employee turnover is a fact…and a cost that your business can ill afford to ignore.
Numbers vary, but research indicates that the cost to replace a single employee runs somewhere between 50 and 200 percent of that person’s annual salary. And even if your company can afford to replace someone, will you be able to find […]

The best way to reduce employee turnover and retain your stellar employees is to constantly re-recruit them. This doesn’t mean just doing things to maintain the status quo, but actively working to develop and promote from within.
The era of life-time employees is long over. And while we would all like to think that our employees […]

Employee turnover is not the end of the world because it can provide the organization with an opportunity to refresh the talent pool, retune salaries, and replace old skill sets with newer ones. However, employee turnover does need to be monitored and managed.
Gordon Gekko was close when he said “Greed is good”. Just replace a […]