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Tag: Turnover rate

How does the Employee Turnover Rate Effect the Bottom-line?

Turnover rate

If your employee turnover rate is high, then your bottom-line will be significantly affected. Unexpected resignations cost between 100% & 300% of the person’s salary to replace. The costs that feed in to these percentages include recruitment costs, lost knowledge and productivity, down time to hire and train new hires and so on. What is