Tag Archives: reduce turnover

What Is the True Cost of Turnover?

What Is the True Cost of Turnover

Replacing an employee is an incredibly expensive endeavor, and there’s just no way around that. From the costs of recruiting, training, and onboarding, to the inevitable loss of productivity that takes place, no matter how you slice it, it’s going to cost you a pretty penny. In my experience, many business owners don’t understand the true cost of turnover, and as a result, they often hire and fire much too…

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