by Ira Wolfe | Aug 14, 2013 | Hiring Process, HR Articles, Podcasts
The cost of employee turnover is significant and cannot be ignored. Management goes ballistic when inventory is lost or materials are wasted. But when it comes to employees, bad hires and poor performance are tolerated and even excused as if the voluntary or...
by Ira Wolfe | Jul 27, 2013 | Leadership
Companies are experiencing a critical leadership skills gap. It is so serious that according to one recent study, only 18 percent of HR professionals rate their leadership bench strength as strong or very strong. Not much better (19 percent) was their confidence in...
by Ira Wolfe | Jun 26, 2012 | Hiring Process
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...
by Ira Wolfe | Jun 13, 2011 | Hiring Process
Employee turnover rates among C-store workers will be slightly higher this year compared to a year ago according to the just released Convenience Store News 2011 HR & Labor Study. Turnover is nothing new to convenience store retailers. Historically high employee...
by Ira Wolfe | Aug 23, 2010 | Hiring Process
Employee turnover is inevitable. But it’s stupid decisions leading to employee turnover that is eating up the profits of businesses. A glaring example of management drinking its own Kool-Aid is something I call “industry-average syndrome,” where...
