In recent years, turnover rates have steadily increased as a result of factors such as lower unemployment rates, skill shortages in the labor market and an increasing number of retiring Baby Boomers. Use this guide to assist with the process of determining just how much turnover is costing your organization. Knowing these costs will help your organization make informed decisions.
This guide will walk you through steps including:
- Assembling a team
- Identifying data points
- Analyzing cost factors