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What Employee Turnover Can Cost You

Last Updated: Aug 27, 2014 04:01PM PDT
Treat your employees well, and avoid these hidden costs of employee turnover!
  • Lowered productivity
  • Overworked remaining staff
  • Lost knowledge
  • Training costs
  • Interviewing costs
  • Recruiters/Recruiting
Consider this:

- 64% of employees consider leaving their employers because they are unengaged (source)
Investing just 1% of payroll on recognition results in a employee turnover rate 23% lower than companies without any recognition program (source)

Hiring a new employee can is not cheap. It can 
cost from 1.5x to 3x of their salary (source). Make sure to keep your employees around by keeping them happy, engaged, and recognized.

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