Having skilled, engaged, and loyal employees impact your organization’s bottom line. High turnover is a key indicator that your employees are not performing at high levels or that there is a lack of engagement and job satisfaction.
According to recent Department of Labor research, the average tenure for an employee in the United States is now 1.5 years. On average, it costs six to nine months’ salary to replace an employee. (SHRM) There are many factors associated with turnover including poor performance, ineffective management practices, lack of communication, etc.
To estimate the cost of one turnover event in your organization, complete the following worksheet.
Contact Kerri Marin at kmarin@pinnaclegroupbrs.com to uncover the issues that are impacting your overall business results.
