Employee Turnover: What’s Changing & How to Solve It
Employee Turnover: What’s Changing & How to Solve It

Employee Turnover: What’s Changing & How to Solve It

Why do 46% of business leaders say turnover is their number one problem? Because it’s not a simple inconvenience, it’s a problem that if gone unresolved can seriously impact your bottom line.

Here’s what’s at stake:

Money

  • When entry-level employees leave, it costs 30-50% of their annual salary to replace them.
  • When mid-level employees leave, it costs upwards of 150% of their annual salary to replace them.
  • When high-level employees leave, it costs 400% of their annual salary to replace them.

Time

Unusually high turnover can be a significant time suck. Exit interviews, advertising the job, recruiting candidates, interviewing and onboarding and training replacements…it all adds up.

Productivity

High turnover not only leads to additional recruiting and training expenses but also shows up as lower productivity for other associates who are picking up the slack during the gap of hiring a replacement and getting him or her up to speed.

In this guide you’ll learn:

  • The true causes of employee turnover
  • Retention strategies
  • How to solve the turnover problem with metrics and insights

Start reducing turnover in your organization today and download the guide.

Replacing Employees Is Expensive

Fight turnover by downloading this guide.

More to Discover

Webinar: Paycor Virtual HR Platform Overview - 10/21 @3pm ET

Webinar: Paycor Virtual HR Platform Overview - 10/21 @3pm ET

Focus on what you do best. We’ll take care of the rest, behind the scenes.Over the years, Paycor has conducted hundreds of user groups, one-on-one interviews, and group discussions with HR leaders. One thing we discovered is that HR teams spend nearly 70% of their time on inefficient administrative tasks, some of which are still paper-based. To make a difference in your organization, your team needs to simplify and streamline HR, benefits administration and compliance so you can focus on what you do best.Join us as one of our solution experts walks through how Paycor’s HR solution can help you solve some of your biggest HR challenges.Speaker: John Redding John is the Senior Director of Deal Success and Pre-Sale Support for Paycor. He is...

[Infographic] Here’s How Businesses are Managing the New Reality of Work

[Infographic] Here’s How Businesses are Managing the New Reality of Work

Paycor surveyed nearly 600 leaders of small and medium-sized businesses about their plans for 2020. In this infographic, the HR and CFO leaders we surveyed describe the impact COVID-19 had on their business, including whether or not they received government funding.Share this Infographic On Your SitePlease include attribution to Paycor with this graphic.

[Infographic] How Manufacturers are Managing the New Reality of Work

[Infographic] How Manufacturers are Managing the New Reality of Work

Paycor asked manufacturing leaders about their plans for 2020. In this infographic, you’ll see how they had to adjust their workforce in response to COVID-19 and how many plan on hiring new employees in 2020.Share this Infographic On Your SitePlease include attribution to Paycor with this graphic.

[Infographic] How Long-term care Providers are Managing the New Reality of Work

[Infographic] How Long-term care Providers are Managing the New Reality of Work

Paycor asked long-term care leaders about their plans for 2020. In this infographic, you’ll see how they had to adjust their workforce in response to COVID-19 and how many plan on hiring new employees in 2020.Share this Infographic On Your SitePlease include attribution to Paycor with this graphic.