Do You Know How Important Employee Retention Really Is?
What is Employee Retention? The definition of employee is a person employed for wages or salary, especially at nonexecutive level. The definition of retention is t he continued possession, use, or control of something or, the fact of keeping something in one's memory or, the action of absorbing and continuing to hold a substance or, failure to eliminate a substance from the body. Why is retaining employees important? Do you know how much you're spending on each new team member? The national average is between $7,500-$28,000! That's INSANE!!! Let's break it down... Each new team member will have found your open position from a job posting that you paid for. The drug test, background check, training and onboarding again all things you are paying for. Now, let's go even further... The team member you currently have that held the interview was not available to help a customer or be productive elsewhere, same thing happens with training and onboarding. Al...