HR Advice- 4 Factors That Influence Employee Turnover
Ashley McKarney2022-03-21T01:41:50+00:00When a company does not succeed in engaging, developing and nurturing its employees, employee turnover is likely to occur. The reasons for turnover can vary but the cost will remain the same. It costs organizations between $4,000-$60,000 to replace an employee. This amount varies depending on the annual salary of the role and includes costs such as direct hiring, the hiring managers and HR’s time, productivity loss, overtime, training of the new employee, etc. While some turnover cannot be prevented, some can, and those cases will require your extra attention as a deep-seated issue within your organization could be the [...]