How much does your employee turnover cost you? Double it!!
When CEOs estimate their turnover costs
The actual cost is generally 2 to 3 times their estimate
Money swirling into a bottomless pit
Employee turnover is killing my business
What 5 strategies reduce turnover in the first 6 months of employment?
Equifax states that 40% of all employee turnover happens in the first six months. Another 16% happens in the next six months. Therefore 56% of all turnover happens in the first year. Imagine the amount of time and money being spent to recruit, hire and train 56% of your employees who will not be with you in a year.
There are two types of turnover:
Bags of Money - Part two
The Cost of Turnover