Employee Turnover
It’s no secret that companies spend a tremendous amount of money hiring and training new employees. However, when employee turnover is high, it can cost companies an exorbitant amount of money. The cost to replace a high-level employee can be as much as 213% of that employee’s yearly salary. Employees leave for many reasons, but the most prevalent relate to cultural fit, feeling unappreciated, lack of training, feeling unfulfillment, or being unhappy in a position. This infographic provides statistics on the high cost of employee turnover and suggests ways to fix these issues including:
- One-on-One Coaching
- Mentoring Programs
- Training and Development
- Increasing Workplace Happiness
