Employee turnover costs companies billions of dollars a year. By working on your culture you will improve retention an average of 65% or better.
Let's do the math. On average employee turnover costs are 50% to 400% of the employees yearly salary. This does not include your pain and suffering if you are the one losing people. Let's say that you lose 5 people at $50,000 per year and because of training put in your loss is 100% of the yearly salary. That is $250,000 lost. If you retain 3 out of 5 = 65% (and you will probably retain all 5 with a great culture) you will save yourself $150,000 a year.
If you spend $25,000 working on your culture a year with a Culture Consultant that leaves you with (in the example above) at least $125,000 more, not to mention your sanity.
www.corporatecultureconsulting.com
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