People don’t know how to directly measure the impact of employee retention or the cost of turnover, therefore they often get overlooked. Though it is hard to quantify employee turnover, it’s generally defined as the cost to hire a replacement employee and train that replacement.
Hiring is a big investment and the people you hire are your greatest assets. Turnover is a natural part of any business, but a high turnover rate can negatively impact your company and greatly affect your bottom line.
As one of the top staffing agencies in Florida, we review the expense of employee turnover, along with ways to prevent and manage the costs... MORE
