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How much does employee turn over really cost?

Employees are appreciating assets whose value increases to an organization overtime. In a competitive job environment, employers must consider the real cost of losing a top employee, which can be very expensive.

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  Consider:
  • The cost of hiring a replacement (advertising, interviewing, screening, hiring)
  • The cost of onboarding and training a new hire
  • Lost productivity as new hire may take years to reach productivity of existing employee
  • Lost engagement by other employees who may disengage when employees leave

Help your clients and prospects avoid a costly turn over and talk to them about a simple to administer, tax-deductible, cost-effective, and customizable executive benefit solution that can increase employee loyalty and desire to remain with the business.

 

Let us help you navigate executive benefit planning: call us at 1-888-266-7498 (option 3)

 

* Source: Huffington Post, How Much Does Employee Turnover Really Cost?


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