How Much Is Employee Turnover Costing Your Company?

A conservative estimate of the cost of turnover for hourly employees is 25 percent of their annual salary. A search for studies about costs associated with hiring and employee turnover places the actual expense closer to 50 percent for hourly employees—and many times...

3 Characteristics Top Performers Must Have

Ask a dozen people to describe the most important characteristics and competencies of the ‘right’ or ‘best’ employee for a job and you’ll often get at least 12 different answers. Most managers agree that the right employee must be honest, reliable, and motivated;...