There is a considerable cost having to recruit and train new staff, so it is usually more cost-effective for employers to retain their existing staff.
This infographic has lists of reasons that employees leave their existing employers;
– Lack of opportunities;
– Heavy workload;
– Career advancement/promotion
There are also details of costs relating to rehiring a new employee which averages at $5,500 per employee.
infographic by Boltinsurance.com
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