Employers generally underestimate their rate of turnover. In most cases, my clients will underestimate by a factor of 50 - 100%. When employers learn their actual employee turnover rate and the resulting cost - it is a wake up call. They quickly come to the realization that they can not continue on the "Hiring and Firing Treadmill".
One organization had their turnover reduced by 42% in three years which equated to a 1.7% increase in EBITDA. Another organization went from hemorrhaging senior employees to becoming the Employer of Choice by realigning their Human Capital strategy.
Please CLICK HERE for the Employee Turnover Rate and Cost calculator.
(Note: The link will open to an Excel spreadsheet.)
Let People Profits help you reduce your turnover by strengthening your Human Capital Strategy and successfully implementing that strategy.