Bottom Line - Hiring & Losing Employees
Animal print Tuesday!
OK, that has nothing to do with today's topic.
Did you know it costs $4,000 or more to hire and onboard a new employee?
When you lose that person, you lose that $4,000 + $12,000 (average cost when a vacancy is unfilled) = $16,000!!!
Think that doesn't affect you directly? Think again!
If you can lower these numbers by reducing onboarding costs, decreasing turnover, and/or getting people in the door faster, YOU change the company's bottom line.
Reducing costs will help you advance or get a raise (hey, didn't you save them all that cash?!?) in your next performance review.