Consider This

Robert Stevenson’s Thoughts on the Pursuit of Excellence

It Costs a Lot to Lose an Employee

January 29, 2018

by Robert Stevenson

When a company loses an employee, they should do some serious soul searching as to why that person left. Why, you may be asking? Because, according to the Society for Human Resource Management, they have estimated that every time a business has to replace a salaried employee, it costs the company, on average, 6 to 9 months' salary. For a manager making $40,000 a year, that's $20,000 to $30,000 in recruiting and training expenses; that is a lot of money.

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