Why is that position a revolving door?
Businesses that experience turnover can have a huge drain on their bottom line. Studies show that the cost of turnover ranges from a low of about 25% of the wage and benefit cost of an employee, to as high as 150%. It easy to see why turnover is so costly if you take a realistic look at the cost components, including
- pre-departure
- separation
- vacancy
- replacement
- training costs
Century II has proven HR products and services to help you select the right candidate the first time. Services like interview training, pre-hire assessments, and performance management all help to reduce turnover and increase employee job satisfaction.