Do you know what it costs when you make a bad hire? Do you know what it costs if one of your star employees leaves you to work for a competitor? If not you need to compute your Cost of Employee Turnover.
According to the Corporate Leadership Council report on Workforce Turnover and Firm Performance, only 16% of U.S. companies track their turnover costs. This is a shame, since many businesses are leaking money and don’t even know it.
