Retaining good employees is one of the most rigorous challenges. That's why The ABCs of Employee Retention is so helpful. From "Always Show Respect" to "Zealously Ask for Input," this article covers all the bases.
Losing top employees can be very costly to your organization. But these days, retaining your best people can be very difficult. Are you ready to do what it takes to retain your best and brightest?
Replacement costs usually are 2.5 times the salary of the individual. The costs associated with turnover include lost customers, business, and damaged morale. In addition are the hard costs of time spent in advertising, screening, verifying credentials, references, interviewing, hiring, and training the new employee just to get back to where you started.