Business and HR know that cost of employee turnover is expensive. In many cases, churn is an organization’s most avoidable expense. Its incredible how many organizations accept high turnover costs as a part of doing business! It’s also amazing how preventable turnover is.
Decreasing employee turnover by one percentage point can save a 5,000-person organization over $1,500,000 annually. Makes for a great strategic HR goal:
Save $1.5M by reducing regrettable turnover by a single point.