Tuesday, September 9, 2008

Interviewing Candidates

Multiple studies have shown that the cost of replacing an employee who has left your company can easily amount to one to one and a half times the employee's base salary. For example, if a departed employee made $40,000 per year, then it will cost your company somewhere between $40,000 to $60,000 to replace him. That range seems way too high, doesn't it? However, it is accurate.

Let's review why next time.

No comments:

In your opinion, which of the following is the most effective way to recognize an employee for a significant accomplishment at work?