Especially when the economy is unstable, you may feel as though workers are constantly coming and going. And, of course, hiring and retraining can become expensive. Nevertheless, this doesn’t need to be the status quo. Here’s what your organization can do to decrease and deal with rapid employee turnover rates. Run the Numbers Maybe your… Read More »
Employee turnover is expensive. Between hiring costs, downtime and decreased morale, replacement prices can range from 30 to 400 percent of an individual worker’s annual salary. Obviously, any business can benefit from paying more attention to retention. Here are five ways to develop a more proactive approach. Compensate Fairly Most people know someone who has… Read More »