Have you ever stopped to figure out exactly how much time you have to invest in hiring an employee? Do you know what it really costs you to employ your staff? The "hidden" expenses associated with being an employer are often underestimated. Use the exercises in this article to see the real picture.
Formal Exit Interviews can help you uncover the reasons behind employee turnover. It also can protect you if there is an unemployment claim or an Equal Employment Opportunity (EEO) dispute.
To improve performance measurement in your organization, find out where you currently stand with this self-assessment.
How Much Does Your Employee Turnover Cost? This worksheet, provided by the Board of Regents of the University of Wisconsin System, is an excellent reference for calculating the cost of employee turnover for your company. Knowing the cost of losing and then replacing an employee will help you determine how much you can afford to invest in keeping them.
DISCLAIMER: The information contained in these articles is intended to provide useful information. It is published with the understanding that the publisher is not engaged in rendering legal services. For specific legal advice, please consult your attorney.