Ulliance Well-Being Blog

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Apply these 3 practices to reduce worker turnover, saving time and money

In business, turnover is a four-letter word—and for good reason. High employee turnover wastes time and money.

A study from Employee Benefit News found it costs 30-50 percent of a worker’s salary to hire a replacement —and this percentage can rise as high as 400 percent depending upon the level of the position.

But there’s good news. After analyzing 240,000 exit and employee interviews, the Work Institute found that 75 percent of the reasons employees left could have been prevented by the employer. The three most prevalent reasons for leaving are also some of the easier and less costly issues to tackle: career development, work-life balance and management behavior.

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Implementing 5 key steps helps to ensure a safe and secure environment
The culture of workplace sexual harassment is changing, even as #MeToo effects continue to
ripple throughout many industries. But there’s still work to be done—and prevention is the key
to creating a work environment free from harassment.

Employers are responsible for creating a safe and secure environment where workers are not
faced with harassment, or fearful of potential fallout from reporting such incidents.