It costs less for companies to retain employees than to replace them. That’s because the cost to replace employees is really quite staggering. Research indicates that, on average, the cost to replace an employee can be: Between 30%–50% of annual salary for entry-level positions. More than 150% of annual salary for mid-level positions. At least… Read More »
Posts Tagged: Employee Retention
Three Ways to Respond When Your Top Employees Want to Quit
Finding top-notch employees is no small task. And once you’ve found great workers that add creativity and positive energy to your team, you’ll want to hold onto them. So to protect these valuable assets, it can help to know the warning signs when an employee is about to leave—and steps you can take to stop… Read More »
