Employee Turnover – what is the real cost?
"The biggest expense is Opportunity Cost" - Anonymous
Employee turnover calculators only tell part of the story. They tell you what you are spending on the instability of your current workforce. They don’t tell you the Opportunity Cost you are losing because you don’t have the stable workforce you need to pursue other opportunities.
Employee turnover – getting past “that is the way it is”
“40% employee turnover is average for our industry - that is the way it is.”
Employee turnover – the Ultimate Organizational Disrupter
Have you lain awake at night thinking “What am I going to do now?” You just lost a key employee or an employee who you had plans for in the future. Or maybe you are just losing too many of the employees who make up the back bone of your company.
Disrupt
Employee Turnover eats Culture for breakfast
“Culture eats Strategy for breakfast” – Peter Drucker
We have all heard the famous quote by Peter Drucker - absolutely true. However if you have high turnover then you will find it hard to have a discernable culture. The people are simply turning over too fast. You might have aspirations of a culture, or even a culture within those departments whose turnover is less than the organization as a whole.