Turnover in an organization brings a high cost to the company, which unfortunately, much of that cost can be avoided.
Findings from the Saratoga Institute, a group that regularly reviews and updates the financial and organizational costs of turnover, estimate the financial costs range between 12-40% of pre-tax income. This translates to anywhere from $120 – $400 of every $1,000 pre-tax profit is absorbed in turnover costs.
In this article, Dan Schneider and Renay Winston, President of People Management Solutions share focus areas to help start bridging the gap between turnover and retention.
Click the following link to read Dan Schneider’s Multi Unit Franchising’s article titled: 4 Ways to Avoid Losing Key Talent.
Read the article and then contact us to get some insights on your own scenario. Even if you don’t become a client, a few minutes with us may help you save years of headaches. Contact Us.
Leadership & Management Continuity and Management Synergy & Teamwork
Managements’s capacity to work together and unite towards a common purpose, vision and goals impacts an organization’s resources and influence for retaining top talent.
Click the following link for more drill down resources on Leadership & Management Continuity or Management Synergy & Teamwork
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