Employee turnover can cost your business a lot of money. According to Honeybee, the cost of losing and replacing an employee can cost around 40% of their salary! This cost includes lost business revenue due to the disruption, unused vacation payout, as well as the cost of recruiting and training a new employee. On top of this, employee turnover can hurt workplace morale, create extra work for your other employees, and could mean losing talented workers to your direct competitors.
Take Your Employee Benefits and HR Function To The Next Level Featuring Lauren Winans Take your employee benefits and HR function to the next level. In today’s environment, employee benefits make the difference in attracting great prospects and retaining great employees. What are good benefits? What are prospects and employees… Read more »
In episode 4 I talk with Marty Ramseck about using the Predictive Index Assessment to make better hiring decisions and enhance communication among teams. Marty has cultivated 30 years of experience in hands-on sales management and double-digit growth in every one of his ventures. He has worked for companies such… Read more »
Leadership development is a crucial factor in employee retention. I was fortunate enough to speak with Jeffrey Davidson with Great Team LTD on the subject. Jeffrey Davidson has been exploring the boundaries of world-class teams for over 20 years. As a recognized expert in strengthening leaders and building teams,… Read more »