September 3, 2018 / GuidesFor Team
According to PeopleKeep.com, it cost 6-9 months salary on average for rank and file personnel. It is even higher, up to twice the annual salary, for high-level and C-level executives. Those are very significant figures. It includes losses not just in rehiring, onboarding, and productivity. It also includes errors and other lack-of-experience factors associated with new hires. This article talks about increasing employee retention rate through the use of a Learning Management System (LMS). The article talks about a concept wherein well-trained employees are generally happier. The increase in employee work satisfaction will in turn decrease turn-over rate.
– Miyagi Kazuki
Posted In: Research