Month: February 2022

Recruitment and Retention: Standing Against an Outgoing Tide

According to Gallup, the cost of replacing an individual employee can range from one-half to two times the employee’s annual salary. They calculate that this means U.S. businesses are losing a trillion dollars every year due to voluntary turnover. A New Zealand expert goes deeper, and suggests: For entry-level employees, it costs between 30-50 percent of their annual salary to...