Estimated reading time: 25 minutes
Length: 37 pages
What’s inside the guide?
- 3 factors that make employee turnover a scary reality for employers
- 7 ways to increase employee retention through company culture and HR policies
- 3 key compensation offerings to boost employee retention
“Getting great staff in the door isn’t your biggest challenge. That’s only the first step. Once you’ve brought them on, the most critical – and high-stakes – challenge you’re up against is keeping them there. The Society for Human Resources estimates that the cost of replacing an employee is between six- and nine-months’ worth of their annual salary. Consider that, for an entry level employee making $40,000 per year, the cost of replacing them could very well be anywhere from $20,000 to $30,000.”
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