Navigation

Official Blog

702-871-8678

The Real Cost of Employee Turnover

Date: 06/13/2006 | Category: Business | Author: Diana Heeb Bivona

Nationally, the average annual employee turnover rate for all companies is 12 percent.  As business owners, we also know that replacing employees costs money.   Do you know how much it will cost you to replace a particular employee?

By knowing the cost of losing and then replacing an employee, you can determine how much you can afford to invest in keeping them. Knowing  also helps you analyze whether your investment in keeping your employees is adding to your bottom line.

The University of Wisconsin Extension office now makes it easier to calculate those costs associated with employee turnover.  They offer an interactive website calculator that will walk you step-by-step through the numbers.  To begin, click here.

For more information visit Nevada Incorporation who can make process of starting a new business very easy. Or Call at 888-284-3821.

Share this article...
Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Email this to someonePrint this page
« Return to all articles