Tuesday, March 11, 2008

Employee Turnover

Employee turnover can be extremely costly for a business. Dr. Rick Johnson in his article, "The Time to Fire is BEFORE You Hire," estimates turnover costs are, "averaging over 1 1/2 times the annual salary of the individual that must be replaced." To calculate your business' turnover rate use these formulas provided by retention specialist Colin Brown.

http://www.employee-retention-guide.com/Calculate.pdf

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