21/09/2022 Community Activities
Employee turnover has a direct impact on the revenue and profitability of a company. According to the magazine “Organization Science,” the cost of a lost employee earning $8 per hour at a retail chain shop ranges from $3,500 to $25,000. Hiring costs, worker training, lost revenue, and productivity is all factors that contribute to this. Depending on the sector, employee position, and compensation, the revenue impact can be considerably more significant.
If a severance package is paid, it is a non-return on investment expense. Consider the labor costs associated with putting classified ads, assessing applicants, interviewing, and training management personnel. Even if some businesses use a job-placement agency, it is still a cost. Additional costs are incurred due to reduced productivity or a dwindling consumer base.
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New Delhi: In a significant move to enhance educational ties and promote academic collaboration, a high-profile meeting of educationists from India an...
New Delhi: Dr. Sandeep Marwah, Founder of Noida Film City and President of Marwah Studios, was honored with the prestigious Punjabi Ratan Award by the...
After Google, now Microsoft is also going to cut the jobs of about 6,000 employees. This means that the company is going to show the way out to about ...
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