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What is Your Employee Turnover Costing You?

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Did you know that employee turnover across retail surpasses 60% annually?  Do you know what that percentage is costing your business?  

Countless analyses have been conducted to not only measure the impact of turnover, but the cost.  As of late 2016, it was reported that replacing a $10/hour front line associate can cost upwards of $3,000.  Variables like screening, interviewing, background checking, and training all add up quickly.  When 60% of your workforce turns over every year, that could end up costing your business millions, if not tens of millions each year.  

But that doesn't have to be your story.  Access the Employee Turnover Cost Calculator (pictured at right) to see how to begin financially justifying ways to reduce turnover.

Want to learn more?  Check out "Enough Why, Let's Talk How on Engagement" for some great ways to start the conversation internally.  As always, Hughes stands by to help with more than 40 years of retail expertise on our side.  

 

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