The Cost of an Ineffective Training Program
FEBRUARY 7, 2017
According to a study by the Society for Human Resources Management (SHRM), the average cost of losing an employee is six months of their base salary. The average employee salary is $53,000, so the average cost of losing an employee would be $26,500. You’re also increasing ROI by increasing employee engagement and giving them more reason to stay (less chance of losing an employee and the cost of that). Companies are spending more and more each year on training costs.