We all know that no matter the industry, your employees are your company’s most valuable resource. Since we know this, we realize that high employee turnover is a really bad thing.
Yes, some level of employee turnover is unavoidable. There are instances where employees are not the right fit, change careers, or retire. But even in those instances, attrition is costing you.
While all companies know employee turnover problem, most do not truly realize what it is costing them. Do you?
The fact is, any level of employee turnover comes with a price.
Unless you have already invested the time and energy into calculating the cost of your employee turnover, chances are you are underestimating the figure you are putting on it.