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.
Employee turnover has a direct impact on the revenue and profitability of a company. According to the magazine “Organization Science,” the cost of a l...
Are you seeking expert assistance in need assessment for CSR projects? Look no further than Fiinovation! With a sterling reputation in the industry, F...
Unlock the potential for transformative change by partnering with a distinguished CSR funding company. Elevate your NGO's initiatives with dedicated f...
Noida, The 5th Edition of the prestigious Suraj Parkash Marwah Sahitya Ratan Awards was inaugurated as part of the 10th Global Literary Festival in No...
More Details