Even in this day of 'penny pinching', many people do not understand how much money their companies lose by failing to retain key employees.
For example, replacing an HR manager in the automotive industry can cost $133,803. A machine-works company that loses a skilled, salaried machinist can lose $102,796 from its bottom line. And the loss of a store manager can cost a fast-food chain $121,931.
To conquer turnover you need to first calculate the true impact it is having on your business. Alternative HR can help you with this process!
Contact us today at 605.335.8198 for additional information about ways to reduce your employee turnover!