Employers know that employee turnover is expensive—but they may notknow quite how expensive.
HRDive reports that it can cost 33 percent of anemployee’s salary to replace him once he’s bailed from the job.Someone making a median salary of $45,000 a year, in other words,will cost his former company $15,000 to find a replacement.
And those bosses have nobody to blame but themselves, accordingto the Work Institute’s 2017 Retention Report, which says that 75 percent ofthe causes of employee turnover are preventable.
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