Blog Post | Workforce Insights
June 24, 2022
At WorkStep, we not only help companies prevent frontline employee turnover, but we also partner with them to understand what it’s costing. That cost is up more than 50% since last year!
While most immediately think of sourcing, screening and new hire incentives when they consider the cost of losing an employee, what the data shows is that the lion’s share of total turnover expense comes from the cost of covering an empty role with overtime, training a new employee, and paying full wages while that employee ramps toward full productivity.
Want to learn your cost of turnover? https://lnkd.in/gCEa8NhM
Looking to decrease your turnover?
Dan Johnston, Co-Founder & CEO | firstname.lastname@example.org