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Thousands of dollars and an equally hefty number of man-hours are devoted to training employees to the standard at which they can contribute positively to the organization. The knowledge these employees receive either formally?through training programs?or informally?through years of experience?are of an immeasurable value. According to Bartel & Worstel (2000), companies are at risk of losing critical information by allowing individual employees to carry their knowledge and expertise out the door when they leave a company due to layoffs or other attrition. A recent Ernst & Young survey (2003) calculated that the cost of replacing a high-level employee may be as much as 150% of that departing employee's salary...
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Common topics in this essay:
- Cost Of Employee Turnover
- Employee Turnover
- Employee Turnover
- employee turnover
- High Turnover Rate At An Organisation
- High Turnover
- Job Satisfaction And Employee Turnover
- Managing Employee Retention and Turnover
- Preventing Voluntary Turnover
- Recruitment: Reducing Turnover
- The Outrageous Business Cost Of Employee Turnover
- The Valley Winery - High Turnover
- The impact staff turnover on quality training
- What Is the Real Cost Of Employee Turnover
- Quelling Voluntary Turnover
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