The High Cost of Employee Turnover: How a SERP Can Save Your Business Time and Money
Losing an employee can be costly for any business, especially when it comes to replacing them. The cost of employee turnover can be up to 213% of the employee’s annual salary. This includes the cost of recruiting, training, and lost productivity while the new employee gets up to speed. One way to reduce the cost […]
Dealership Turnover Is Too High and It’s Hurting Profitability
The average turnover rate at dealerships was 40% for employees and 67% for salespeople in a 2018 study conducted by Cox Automotive. This turnover rate costs dealerships money in lost vehicle sales. Specifically, the turnover leads to 1) wasted search and training expenses to replace the employees, 2) inexperienced sales and operation staff and 3) […]
Rewarding Key Employees in Every Department
While 10,000 baby boomers turn 65 every day, nearly one in five (17%) has less than $5,000 saved for retirement and 20% has less than $5,000 in personal savings. For generation X, the numbers are greater — 21% have less than $5,000 saved for retirement and 22% have less than $5,000 in personal savings. Forty-six […]
Recruiting Top Talent for Maximum Success
Your company’s leadership team includes some of the most critical hires your organization can make. Recruiting, retaining and incentivizing these top employees is often a top priority. But how do successful companies attract the needed talent, especially when need for such talent is in high demand? The Society for Human Resource Management (SHRM) provides an […]
Recruiting Top Talent for Maximum Success
[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″ shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”1/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_column_text] Your company’s leadership team includes some of the most critical hires your organization can make. Recruiting, retaining and incentivizing these top employees is often a top priority. But how do […]