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How much does your employee turnover cost you? Double it!!

Mon, 01/23/2017 - 20:50

When CEOs estimate their turnover costs

The actual cost is generally 2 to 3 times their estimate

Money swirling into a bottomless pit


When confronted with their calculated cost - they are stunned

Sometimes they object to the calculation - "it is puffed"

My response to their objection?

"Fine, it is puffed by 50% - so you are only spending $500,000/year"


I have discovered certain truths about Employee Turnover/Retention:

  • You can cut your turnover by 10-20% with LITTLE EFFORT
  • Reducing 21 - 50% will take more effort - but LITTLE COST
  • Recruiting COSTS SAVED will be many times greater
  • PRODUCTIVITY INCREASES will be many times greater
  • You can MAINTAIN the NEW STANDARD

Want some help with your turnover?


Schedule a FREE 30 minute consultation with People Profits

People Profits Principle 84: Turnover is focused in the first six months and can be the easiest to solve

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Click here to read: "A magic bullet to spending less time and money on recruiting?"


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