Employee turnover costs are decreasing

The
overall average cost of turnover per employee is falling.

In
2001, the average cost was £3,462, down from £3,933 in the year 2000.

Managers
had the highest cost per leaver, at £5,699, but this was lower than in 2000
when it was £6,086.

The
cost for professional staff also fell, from £5,813 in 2000 to £5,408 in 2001.

The
costs cover: payroll and administration costs for the leaver, recruitment,
interview times and replacement fees, the recruits training costs and reduced
performance, and also a loss in customer service and satisfaction.  www.cipd.co.uk

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