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The Achiever Newsletter

Cost of an Employee Turnover

(Page 1)

(Please note: This article begins here.)

In the spirit of continuous and never-ending education, it is more important than ever that we all know exactly what it costs an organization to recruit, interview, select, train and then, sadly lose an employee. Regardless of the reasons for employees leaving, the ever-growing cost of the above-mentioned process is devastating to many organizations today.

Once this enormous cost is recognized, we suddenly begin to question such familiar statements as:

We simply don't have the budget to properly train everyone on our staff.
We can't afford the time it takes to send anyone to training.

Once we have determined the true cost in dollars, time, resources, morale, member satisfaction, etc., it is crucial that we ask an even more important question:

Can we afford not to invest the time and dollars it takes to provide the proper training for each and every employee in the organization?

Let's take a closer look.

Your Time

Action	My Estimated Time	Average CU Time
Advertising	____________	____________
Reading applications	____________	____________
Scheduling interviews	____________	____________
Interviewing applicants	____________	____________
Hiring	____________	____________
Orienting and training	____________	____________
Other	____________	____________
	____________	____________
	____________	____________
Total Time	____________	____________
x Hourly Comp. & Benefits	$___________	$___________
Cost	$___________	$___________

Page 2

This Cost of an Employee Turnover grid is formatted for financial institutions but can be customized for any industry. Please contact us for a customized version for the unique factors of your industry/organization.

For more information, call us at 800-886-2MAX or view our Becoming a Choice Employer: Attracting & Retaining World-Class Employee Talent seminar description.

Harry K. Jones is a motivational speaker and consultant for AchieveMax®, Inc., a company of professional speakers who provide custom-designed seminars, keynote presentations, and consulting services.

Harry's top requested topics include change management, customer service, creativity, employee retention, goal setting, leadership, stress management, teamwork, and time management.

For more information on Harry's presentations, please call 800-886-2629 or fill out our contact form.

Employee Retention Training or Keynote Presentation Information

Employee Retention Articles and Book Reviews

The AchieveMax® team of professional speakers celebrates its 35th year in business in 2015.
Thank you to all our customers for allowing us to "Achieve the Maximum®" for their businesses and organizations.

For more information on our seminars and keynote presentations,
please call 800-886-2MAX or send us an e-mail at .
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