It’s Not Just the Money: The True Cost of High Staff Turnover
AUGUST 25, 2016
The cost of a poor employee retention rate can be measured in hard currency, but the true cost goes far beyond that. When it comes to staff retention, the statistics support a simple truth: the older your workforce, the longer they’re likely to remain at your company. A PayScale report on the retention rates of Fortune 500 companies found that the companies with the longest-serving employees also had a higher average employee age.