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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
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Action
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My Estimated
Time
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Average CU
Time
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Advertising
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____________
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____________
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Reading applications
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____________
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____________
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Scheduling interviews
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____________
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____________
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Interviewing applicants
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____________
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____________
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Hiring
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____________
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____________
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Orienting and training
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____________
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____________
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Other
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____________
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____________
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____________
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____________
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____________
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____________
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Total Time
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____________
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____________
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x Hourly Comp. & Benefits
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$___________
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$___________
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Cost
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$___________
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$___________
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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 motivational 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 800-886-2MAX
or fill out our contact
form.
   
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Employee Retention Training or Employee Retention Keynote Presentation
Information
Employee Retention Articles
Employee Retention Books
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