How long does it take to place job advertisements and conduct interviews? What does it cost to train and onboard new staff to the same level as that of the employees they’re replacing? It’s worth analyzing your turnover and retention costs as compared to the value that new employees bring to your company. However, if this 30% is predominantly unplanned, then there’s a problem. If your total churn rate is 30% and this is predominantly planned turnover, then no worries. This equates to staff leaving who you’d rather have remain in your organization. Unplanned turnover is a different story, however. Planned turnover equates to a conscious decision to let staff go because they performed below par, didn’t meet expectations, or brought too little added value to the organization.
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