The Cost of Employee Turnover

Over ? of that turnover could have been prevented by employers. Employee turnover is becoming a bigger and bigger problem for employers as of the past few years, due to the fact that new potential hires have been “ghosting” the interviews they sign up for, or not showing up after signing up for an interview. They do this because of the multitude of jobs available, they can afford to be picky about which jobs they want to work and who they want to work for. 

When an employee employee leaves, replacing them takes a lot of time and money. Replacing an employee can cost at least ? of what their salary was, and the cost to replace a $10 an hour employee can cost more than $4000. When people leave, companies pay for recruiting, which also takes time, onboarding, training, productivity, and customer service. 

Find out what turnover is doing to businesses, how they are dealing with it, and how this problem could get better here.

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About the Author: 

Brian Wallace is the Founder of NowSourcing, the top rated infographic agency in the nation. Connect with him on LinkedIn, Twitter, and if you're really into what he does, Book a time to chat.