Posts Tagged: cost of turnover

The Millennial Churn: What It Means for Employers

millennial churn

Turnover is always a concern for employers. Among many issues, the loss of an employee means the loss of the investment you put into hiring and training that person, the loss of institutional knowledge they accumulated on the job, and the potential damage to morale of co-workers, a result of seeing a fellow employee leave…. Read more »

Proving the ROI of Background Screening

While it’s true that many organizations background check their employees solely due to contractual or regulatory obligations and thus view it purely as an expense, many others view background screening as a way to build competitive advantage by reducing turnover, improving quality of hire, and mitigating human capital-related risks. Either way you look at, two… Read more »

The True Cost of Employee Turnover

How does employee turnover affect your bottom line? Employee turnover— HR professionals and company accountants understand it costs money, but the true cost of turnover is often widely underestimated. It may be shocking to you, but researchers estimate the cost to replace an employee totals anywhere from 30% to 150% of an employee’s annual compensation…. Read more »