The real cost of hiring and turnover
Does it make more financial sense for your business to recruit new employees or retain the valuable ones you already have? And which tools work best for encouraging employee retention?
Picture this: you manage a group of web designers. One of your top designers and best employees approaches you to say she's been offered an enticing position with a competitor.
WHAT DO YOU DO?
One option could be to let her go. While it's been great having her skills on the team, there's a lot
of other web designers looking for work. You might even be able to find a recent college grad to do the job for less pay.
Alternatively, you can do everything in your power to keep her with the company. She's a high performer, knows the ropes and it'd be a shame for her to leave.
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