Within a year, employers lose nearly one-quarter of new hires while another one-third don’t satisfy productivity targets, according to Allied Van Lines’ 2012 Allied Workforce Mobility Survey.

Of the 500 human resources professionals who were surveyed, they say this is because of internal variables that impact retention success, such as underfunded onboarding programs or no available training programs. This retention problem is financially hurting employers as the average cost to fill one position is $10,731. Another $21,033 is necessary per new hire for relocation.

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.