Guide to Understanding Employee Turnover
Want to Create a 45% Reduction in Turnover at No Cost to Your Company?
SECTION I: THE TRUE COST OF TURNOVER
SECTION II: EVALUATING TURNOVER STATISTICS
SECTION III: TURNOVER RATES BY POSITION
SECTION IV: COMMON CATALYSTS FOR TURNOVER
SECTION V: CAUSES OF TURNOVER BY DEMOGRAPHIC
SECTION VI: FIVE SOLUTIONS TO REDUCE TURNOVER
Turnover costs are a constant concern to business owners and stakeholders. When an employee leaves a company, the cost to replace them can be more than a year’s worth of their salary. Companies with high turnover rates may also observe that:
Getting to the bottom of what causes employee turnover is critical for employers to increase their bottom line and create an employee experience that others want to be a part of, rather than run from.
Unfortunately, solving turnover is notoriously difficult for employers, because there isn’t a one-size-fits-all solution.
What’s important to a millennial in the foodservice industry may be different than what a baby boomer in the healthcare field wants.
The goal of this eBook is to provide a comprehensive resource for HR leaders and business operators across all verticals. We’ve taken a deep dive into multiple industries to understand the true cost of turnover, common causes of turnover, how turnover varies by industry, position and demographic, and solutions for turnover based on patterns seen in research.READ THE FULL EBOOK