TURNOVER SENDS PROFITABILITY CRASHING
“What gets measured, gets managed.” A business mantra for 50+ years, Peter Drucker’s words still ring true today. Unfortunately, the high cost of filling vacant positions and retaining valuable employees is tough to measure, and even experts agree that there is no perfect formula. However, amidst this uncertainty lies a universal truth: nonstop turnover sends profitability crashing.
THE NEW NORMAL
Current trends in employee demographics and GDP growth are making it more difficult than ever for employers to find, train, and retain the workforce their businesses need to thrive. Simply put, the job market is a seller’s market:
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