Employee turnover refers to the number or percentage of workers who leave an organization and are replaced by new employees. Measuring employee turnover can be helpful to employers that want to ...
Everyone agrees that turnover is expensive, but the exact cost is widely debated, falling anywhere between 30%–200% of an employee’s salary. Plus, it can be hard to put an exact number on the impact ...
Call centers have one of the highest turnover rates of any industry, but call centers sometimes also perpetuate a cycle of high employee attrition rates. A high turnover not only puts a strain on ...
High turnover can also lead to decreased morale among remaining staff, inconsistency in service quality and, ultimately, a negative impact on the bottom line. Simply put: Show your team you care about ...
If I were trying to help business leaders with this problem, I would study the sources of employee turnover and try to uncover how companies with the highest employee retention rates manage their ...
As millennials begin to comprise a major part of the workforce, employee retention has become top of mind for many businesses. In a Gallup poll, 60% of millennials were open to a new job, while 21% ...
The most solid and successful businesses rely on a loyal team of creative, hard-working individuals. It's hard to focus on growth when employees keep leaving and you have to go through the arduous ...
Opinions expressed by Entrepreneur contributors are their own. Employee turnover has some obvious costs associated with it, including recruitment, training and salary. However, every time an employee ...
Employee turnover in the casino industry poses significant challenges, impacting productivity, efficiency, and, ultimately, profitability. High employee turnover can lead to increased recruitment and ...
The restaurant industry’s perennial challenge of high employee turnover is getting all the more difficult amid an intensifying competition for workers throughout the economy. A high churn of employees ...