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The High Cost of Staff Turnover and How to Reduce It

Employee turnover is expensive. Very expensive. Estimates range from one and a half to three and a half times depending on the employee’s annual salary. For salespeople the cost of a bad hire increases to include lost revenue and missed targets. These costs don’t even account for the loss of organizational knowledge and relational capital. With the job market heating up, more and more employees are voluntarily leaving their jobs. Drivers of turnover include lack of career development, poor management practices, and work environments that don't support employee wellbeing. The good news is there are proven ways to dramatically reduce turnover through more effective hiring, management, and employee development practices. Join our upcoming webinar with workforce experts Rebecca Hastings and Andrew Bardsley to learn strategies for slashing the staggering costs of turnover at your organization. You'll learn:

  • Structured hiring practices to find better long-term fits

  • Management training techniques to develop more supportive leaders

  • Ways to create progression and career ladder opportunities

  • Calculating the ROI of learning and development programs

  • Onboarding and communication approaches to boost retention

  • Gathering useful offboarding feedback from exited employees

  • Rebecca and Andrew will also be taking live audience questions during an extended 10 minute Q&A session.

Don't miss out on learning tangible takeaways to improve retention at your company.

Reserve your spot for the LinkedIn Live webinar today!

Retaining top talent has never been more critical. We hope you can attend the webinar and walk away with new strategies to reduce the high costs of turnover.


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