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strengthen the structure of your businessPeople carry baggage when
they leave
.

Direct Costs of Employee Turnover:

  • Hiring of temps Paying overtime
  • Cost of benefits to departing employee Administrative costs associated
  • Human resources department time required to administer separation
  • Managers time Redistribution of workers responsibilities Training
  • Expenses of Training defecting employee (i.e. certification, education, etc.)
  • Recruiting/Selecting replacement employee
    (including: developing job description, advertising, reviewing resumes, interviewing, screening tests, background investigations, etc.)
  • Training and Orientation costs of the replacement employee
    (including: time of managers and co-workers, formal trainers, materials, lost productivity of those who must use work time with new employee.)
  • Administrative time to bring in new hire (including, HR, IT, Benefits, etc.)
  • New hires generally have reduced productivity during training period

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phoneContact Joel Goldberg Ph.D. at 716.836.8683

© 2008 RobPrice