What is employee turnover costing you?

What is employee turnover really costing you?

Part of managing employees means dealing with employee turnover. It’s inevitable that people will come and go from your organization, but do you know what employee turnover is really costing you? Selecting a new candidate might not be a difficult task, but absorbing the expenditure accrued from replacing the previous employee is. Studies show losing an employee can cost up to tens of thousands of dollars, along with these other real expenses.

  • Finding a new employee, including paying for advertising, interviewing, screening and hiring.
  • Onboarding and training, including lost management time and investing in additional employee resources.
  • Lost productivity. New employees will need time to reach the productivity level of their predecessor.
  • Covering costs from employee errors and customer service issues.
  • Office cultural impact. Current employee might begin to question why someone left the organization.  

JobFinders can help you avoid burgeoning employee turnover and retention costs. Our team of recruiters concentrates on finding talent that will surpass the skill set and culture fit you are seeking. Our unique four-step process of Discovery, Screening, Recruiting and Placement will save you time money and the hassle of replacing employees. Call us today for more information.