Employee turnover is sometimes the most expensive part of a business. It is the process of an employee leaving and then having to fill that spot on the workforce. The problem with turnover is that with each new person a corporation or small business hires, that small business or corporation is spending sometimes thousands of dollars, not to mention countless hours, be able to hire, train and get the employee used to working within the ranks of your business. This is time and money no small business or other company has to waste, but unfortunately some turnover rates are as high as 95 percent, meaning that only 5 percent of employees have been within the company for a long period.
Employee turnover is also something that can be easily stopped at seem companies. Knowing how to retain your employees is the key and for this, you will need to work hard at finding out why so many want to leave. If you need more information about turnover rates or about how to stop your employees from leaving, then you are in the right place because Business.com can help you find the information you need.
Employee turnover is sometimes the most expensive part of a business. It is the process of an employee leaving and then having to fill that spot on the workforce. The problem with turnover is that with each new person a corporation or small business hires, that small business or corporation is spending sometimes thousands of dollars, not to mention countless hours, be able to hire, train and get the employee used to working within the ranks of your business. This is time and money no small business or other company has to waste, but unfortunately some turnover rates are as high as 95 percent, meaning that only 5 percent of employees have been within the company for a long period.
Employee turnover is also something that can be easily stopped at seem companies. Knowing how to retain your employees is the key and for this, you will need to work hard at finding out