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Employee Retention
Employee attrition could affect
40% of your profits. You've hired the right employees, now
retain and grow them while keeping the money wasted on attrition
in your bottom line.
In a company with 250 employees earning an average annual salary
of $35,000 each, standard attrition rates (14% for clerical
workers, 12.5% for professionals and 5.5% among managers)
collectively cost more than $1 million per year.
If this same company has annual revenues of $25 million and a
profit margin of 10%, this attrition loss would represent 4% of
total revenues– and 40% of profits.
If your company’s attrition rates match these, or if you don’t
know what your attrition rate is, we can help you stem the tide
of loss and add profit back to your bottom line.
The first step is to to determine the cost of attrition to your
company. Use our calculator to determine what attrition is
costing you. Click here to use our
calculator.
If you decide your organization could use some help in this
area, call us today to schedule an appointment, or
click here to
use our information request form.
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