Ultimate Guide:
How to Retain top Talent


How Do You Retain Talent?

It’s expensive to replace an employee. After factoring in the hit to productivity, lost training costs and the expenses associated with bringing a new team member on board, the cost of replacing an employee can add up to about 150% of the departing staffer’s wages. And that’s just the average cost of losing a worker; the cost of losing an employee with a hard-to-find skillset or extensive industry knowledge can soar even higher.

  • Deloitte reports in their Global Human Capital Trends 2015 study that 87% of companies now rate “retention, engagement, and culture” as an important imperative and 50% rate it “urgent.”
  • The the need to build a global leadership pipeline came in second.

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