The costs may be hidden, but they are still there. That alone should motivate you to treat your staff well. You'll hear people talk about the high cost of turnover, but when you try to press for the actual costs they don't really know.
How Gen Y workers miss out on money, perks MarketWatch The high turnover rate is expensive for companies — employers estimate that it costs them $15,000 to $25,000 to replace every 20-something who leaves the company, according to a new survey.
A company wishing to improve its turnover percentage needs to evaluate the incremental cost of doing so against the cost of replacing those employees who are leaving. When the turnover rate is already low, it may require an ...
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