Employee Retention

Southwestern HR Consulting - Employee Relations

2 years ago

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 result. The
Society for Human Resources 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, 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.