1. The expense of losing an employee is more than the cost of bringing one on board, yet companies continually let good workers slip through their hands. The reasons employees leave vary, but one thing is for sure, employers don’t hold all the cards, even in a tough job market.
“Companies can’t look at employees as expendable commodities,” says Pat Sweeney, human resource manager at Old Colony Hospice and Palliative Care. “There may be a high unemployment rate but it’s not all skilled people. If you’re just looking at your bottom line, you want to make sure your employees feel valued.”
Turnover can be expensive. According to Salary.com it costs a company anywhere from 120% to 150% of the person’s salary if they leave in one to three months. Not only do companies invest money and time orienting the new worker, there are also training, benefits and recruitment costs. Because of that, it behooves a company to create an environment where employees want to stay.
- Why Employees Quit Their Jobs, HCareers.com, February 25, 2013.
2. According to a report by Stuart Brennan of the Manchester Evening News, Spanish side Valencia are keen on prising Alvaro Negredo away from the Etihad, with club president Amadeo Salvo, backed by owner Peter Lim, reportedly having made contact already.
Negredo is currently recovering from a metatarsal injury which could keep him out until October, but Valencia are seemingly keen to sign the striker regardless of his injury situation.
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