Companies are well aware of the cost of replacing an employee. Developing a strong, clear and engaging employer brand and corporate culture will attract the best talent and can make all the difference in an organization’s long term goals and growth.
A company that takes a strategic approach to talent management will see higher results in employee retention and overall superior team performance. This infographic from SAGE shows some interesting statistics about the ROI and cost of employee replacement.
Reblogged this on Manage Better Now and commented:
What a great graphic. Thanks to the good folks at McNeill Nakamoto for finding and posting it.
Great information and so true. One of my employees just relocated six hundred miles away for her husband to attend school. We have found a way for her to be able to complete most of her job tasks via log-me-in and we are very excited about not having to replace and retrain someone now.
Thanks for your comment Tina. And so great to hear that your employee can work remotely, and your business can run smoothly as usual. That flexibility is a win win for all parties involved. Have a fantastic week!
Yes, what I find amazing is the technology that this can take place!