Of course every company searches for ways to help their employees be more efficient throughout the day—to do more, do it well, and eliminate unnecessary steps. But how many employers think about what would happen the next day if their best employees didn’t come back? That would negate any efforts at improved efficiency as well as impact in countless other ways.
But many employers don’t understand the high cost of employee turnover. They’re losing knowledge and they’re forced to re-invest in recruiting and training replacements. What else is a consideration of turnover, and why should more attention be paid to this topic?
Job related burnout is directly responsible for high rates of employee turnover. This is extremely expensive to organizations and companies causing a huge drain on their bottom line. This graphic explains it all.