Employee Retention

Employees are an organization’s greatest asset and their greatest overhead. While the cost of replacing an employee can vary depending on the organization and the position, there are both direct and indirect costs associated with turnover, resulting in a very expensive outcome. The Society for Human Resource Management (SHRM) estimates the cost of turnover to be 6-9 months of the employee’s salary to replace the person. In addition, the Gallup organization has estimated that employees who stay with the company but are disengaged cost the world $7.8 trillion in lost productivity, or 11% of the global gross domestic product. So, wouldn’t it make sense for an organization to invest in retaining talented staff, especially in this competitive market?

Southwestern HR Consulting (SWHRC) can assist you with a retention plan. From the development of onboarding processes to off-site retreats with workstyle assessments and strategic planning to workplace surveys and training, we can provide you with the tools to get ahead of any potential turnover or disengagement. Contact us at SWHRC today.