After loosing a team member, studies show that employers will spend the equivalent of ____ months of the original salary to recruit, replace and train.
- 3-5 months
- 1 year
- 6-9 months
- 1-3 months
Match the Terms Below.
The steps required in order to bring a new team member up to speed of the company and their role.Training and Onboarding
The costs associated with the actual experience of a new potential team member. For example flights or hotel stay.Interview Expenses
The impact that a departing team member will leave on those surrounding them. Examples are overworked from departure or higher levels of stress.Decreased Engagement
Overall business impact that can happen from a departing team member and the time taken to replace appropriately.Decreased Productivity / Results
True or False
- When our team members are engaged, they work harder and take pride in their achievements.
- Bottom line, bad turnover is good for business.