Excessive or avoidable employee turnover results in a waste of time, resources, and added costs. While it can depend on the industry and business cycles, the impact is often especially hard on small businesses. Understanding what goes into the turnover costs and establishing helpful strategies are important steps for you to effectively manage the revolving employee door of your company.
Do you know the full price of losing employees? Are you aware of three key items to review if you’d like to reduce high turnover? Do you understand the positives and negatives of low turnover?
For answers to these questions and much more, be sure to read the featured article by the HR pros at MyHRSupportCenter, Controlling Your Employee Turnover Costs. If you’re not yet signed up or would like a free trial of MyHRSupportCenter, contact Vision Payroll today.