How much is employee turnover costing you?
Employee turnover costs
every employer money.
Some of the reasons why people leave are due to:
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Poor hiring selection
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Lack of career development
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Inadequate compensation
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Monotonous work
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Grievances/personal problems
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Low morale
MB Personnel can help you calculate the cost of employee turnover
for your company by reviewing some of the major key areas affected by turn over such as:
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Temporary replacement
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Loss of productivity
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Exit interview
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Employee replacement process
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Training for employee exiting and for the replacement
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Impaction on the team or department
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Cost associated with severance and/or benefits
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Loss of knowledge, skills, and client relationships
This benchmark will help an employer determine how important it is to the over all success of the company to invest in hiring good employees right from the start.
MB Personnel pulls out the best of the best when staffing for a position to help our clients eliminate the unnecessary expenditures that are associated to employee turnover.