Building a High Performance Workforce:
Employee Retention
Retaining your best employees saves money and increases profitability
The estimated cost to replace an employee is 1.5 to 2 times their salary. “Hidden” costs include advertising, headhunters, testing, interviewing, unemployment, legal costs, training – the list goes on and on. In addition, open positions and training time impact other employees – further decreasing productivity and costing you even more money.
The good news is research has revealed can be reduced by an average of 48% through properly designed HR systems.
Eliminate the root causes of turnover that negatively impacts your company. Catalyst Connection experts will work with every level of your organization to identify both qualitative and quantitative causes of turnover. Once identified, we’ll assist you in creating both the right solutions, as well as helping you implement corrective actions.
With Catalyst’s analysis and recommendations, your company can:
- Take action to eliminate turnover causes and contributors
- Significantly cut hiring costs including advertising, interviewing time, retraining, productivity losses
- Attract and keep better employees
CONTACT: David Rea, Human Resources Consultant, 412.918.4218
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