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High Employee Turnover? Two Questions to Consider
Published on by Spencer Sheets in Human Resources, White Papers

 

 

Employee turnover costs are massive. According to research by ERE Media, replacement cost for an employee can range anywhere from 30% of an annual salary for an entry level employee, all the way up to 400% of annual salary for an upper level executive. Bloomberg says that up to “$11 billion is lost annually due to employee turnover (Bloomberg BNA).” If these numbers sound staggering, it is because they are.

 

 

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