| High Cost of Turnover |
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| Thursday, 22 December 2005 | |
The High Cost of Turnover According to Maria Grant, Deloitte & Touche partner in charge of the human capital program in Michigan, it costs $12,000 in recruitment and tranining expenses to replace the average nonprofessional worker and $35,000 to find a new professional employee. At the Families and Work Institute, experts tell companies it will cost about 75 percent of a nonmanagerial worker's annual salary to replace him or her and 150 percent of a manager's annual salary. Source: Ragan's Management Resources
Landed.fm interview with Sharon Allen, Chairman of the US Board of Directors, Deloitte and Touche, LP              |
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