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Why should organizations train and retain junior and middle level leaders? See what others say. "The cost of replacing an employee is often double the lost employee's salary" totalofficeresource.com "The estimated cost of replacing an employee is four to five times the cost of retaining one." ccgsearch.com "The Department of Labor estimates that the cost of replacing an employee is between 75% and 100% of the new employee's salary." dmcollc.com This places the cost of recruitment and training at nearly $40,000 for non management positions and more than $100,000 for management professionals." workingmotherschoice.com How much does it cost to hire and train a new or junior leader? Estimates
vary, but it's always more cost effective to invest in and retain your
junior to middle level leaders. It also keeps your best non-managerial
employees onboard. |
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| ©2005 Greg Ballard |