To create a thriving economy today and in the future, we must invest in high-quality early learning programs. Across the country, business executives have observed that too many employees and job applicants lack the "social-emotional skills" necessary to succeed on the job. This has consequences for the capability of businesses to compete in the global economy.
Businesses need employees who can communicate well with coworkers or customers, collaborate to solve problems, and persevere to overcome challenges. The truth is, the foundation for these skills is laid in a child's earliest years, and much of a child's brain architecture is developed during the first five years of life. This directly impacts the development of the social and emotional capabilities that support long-term success in school and the workforce.
The average costs to replace an employee are:
●16% of annual salary for high turnover, low paying jobs (earning $30,000 a year);
●$20,000-$30,000 in recruiting and training to replace a manager making $40,000 a year;
●$3,328 to replace a $10/hour retail employee.