Reducing Turnover
Reducing Turnover is imperative to organizations’ effectiveness and profitability.
Extensive research shows the estimated costs of employee replacement can be up to 1.5 times the employee’s yearly wages.
These huge costs in terms of replacement are found in loss of productivity, recruiting costs, strain on the other employees when asked to take over tasks, time and cost of training the new employee, loss of crucial knowledge, lost time and energy, etc.
Imagine how much your company could save by reducing these turnover costs by even a few percent.
We can help you reduce unnecessary turnover by measuring and analyzing it, identifying causes and coming up with effective solutions to correct them.
Our solutions range from refining the recruitment and orientation process to getting better candidates, compensation reviews and plan, to leadership training and coaching and more.