The cost of employee turnover is staggering and yet goes largely unrecognized. There is no financial statement line item, no general ledger entry, and no budget explicitly set aside for this expense that can cost an evenly modestly sized company well over a million dollars each year.
Using the StrategyDriven Cost of Employee Attrition nomographs and method outlined here, organization leaders can gain a better appreciation for the direct monetary cost associated with attrition and begin to value their retention focused initiatives.
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