Hey,
Things are happening with “The Recruiting Life!” What things? Well, I am now attracting sponsors. (Yay!) So, going forward, you will begin to see advertising in this weekly newsletter. I promise it will not be an overwhelming amount. I would ask however, that you support me by checking them out when you see them. Cool? Thank you in advance. And speaking of ads, here is one right now.
This week’s newsletter is sponsored by:
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And now, this week’s newsletter, already in progress…
What is the cost of replacing an employee?
According to Gallup, the cost of replacing an employee can range from one-half to two times the employee’s annual salary. Payactiv agrees with them, citing how replacing an employee can range from one-half to twice their annual salary. If you were to ask the financial wellness platform Enrich for its opinion, they would tell you on average, it costs a company 6 to 9 months of an employee’s salary to replace him or her. For an employee making $60,000 per year, that comes out to $30,000 – $45,000 in recruiting and training costs. Ouch! The cost of losing an employee can cost thousands of dollars. Before a company considers a round of layoffs, they should do themselves a favor and listen to this classic blues song by Johnnie Taylor.
This week’s comic. Enjoy!
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