Containing the costs of turnover

If employers can shave hundreds of thousands of dollars off recruitment and hiring costs, why not try a new approach?
By Roberta Chinsky Matuson
|Canadian HR Reporter|Last Updated: 03/20/2017
$50 Bill
Canadian HR Reporter Illustration

Like waistlines all across America, employee turnover is expanding at an alarming rate. Yet companies are still following the same regimen, hoping to control their expanding costs.

Is your company’s recruitment budget bulging because employee turnover costs are out of control? How much are you wasting on satisfying short-term needs? If you knew you could shave hundreds of thousands of dollars off recruitment and hiring costs, would you be willing to try out a new approach?

The cost of turnover