People Leave Managers, Not Companies

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By Mark Ernsberger

Even in a tight economy, the costs of replacing a good employee remain the same.

You may be familiar with the following statistic: The cost of replacing one employee equals one to three times the annual salary and benefits plus the additional cost of lost revenue that the seasoned employee would likely have generated.  Tougher to measure are losses such as pre-turnover costs (lowered productivity, absenteeism), vacancy costs (overtime/overtaxing existing satisfied employees), or recruiting and new hire training.

But did you know this? The number one reason employees voluntarily leave their jobs is...DOWNLOAD THE FULL ARTICLE ON RIGHT HAND SIDE
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