The High Cost of Turnover

Turnover issues can affect your company’s profitability, customer loyalty, sales, productivity, and employee morale. Below are examples of turnover costs from some reliable sources:

• 1/3 of a new hire’s annual salary or wage Department of Labor
  
  

• Nonprofessional position - 1.5 times the person’s annual salary

• $500 for a fast food employee HR Focus

• 38% of an employee’s annual salary U.S. Chamber of Commerce (average for all jobs)

Article Source: http://www.content.onlypunjab.com

The copier company’s managers understand the cost implications of their hiring and promotion decisions. For that reason they have developed a systematic approach for making those decisions. Would your managers change their process if their decisions impacted their budget by $63,000? We help companies reduce turnover costs and/or develop a systematic approach to their hiring and promotion decisions. We will positively impact your bottom line. Please give us a call 314-664-6110. Hire Your Company’s Future! John Bishop, a graduate of Babson College in Boston, has over twenty-five years experience in sales and sales management. He has owned two companies and developed sales organizations in the United States, Europe and Japan. He founded Accent on Success® in 1994 to help companies hire and promote the right people for the right positions. In addition, Mr. Bishop is the Executive Director of a nonprofit organization he founded that is dedicated to helping teenagers succeed in school and in life. Mr. Bishop and his wife Carole have been married for over twenty-five years. They have two daughters, three grandchildren and one great-grandchild and live in St. Louis, Missouri.

Please Rate this Article

5 out of 54 out of 53 out of 52 out of 51 out of 5 

Not yet Rated