Nov
22
2009
Avoiding Employee Turnover Costs
Constant aggravation of employee turnover can be frustrating to a small business owner. Employee turnover could vary as a result of better prospects or location of your business. The stress of employee turnover is pretty high in smaller organisations as compared to the bigger businesses. To calculate employee turnover, a general approach cost would be about 50% to 200% of an employee’s annual salary. Match your company profile with the hiring team and consider hiring older employees who are fairly less concerned about advancements. Look to the external motivators such as rewards and recognition.
