Why Retraining Employees Cheaper Than Hiring New Ones

When productivity is low, its tempting to cheap jerseys online imagine that a new vi?o group of people can come in and reignite a company’s lost spark. However, often it is less expensive to retrain current employees than Tips to replace them.

Studies show that the direct cheap jerseys cost of replacing new employees can reach as high as 50 to 60 percent of their annual facts salary. For companies with high turnover (in the 75th percentile), turnover costs wholesale nba jerseys represent 40 percent of pre-tax income.

The cost of letting an employee go can far outweigh the cost of training. Accrued time off, temporary cheap jerseys coverage costs, HR staff time, delays in production cheap nba jerseys and customer service, disruptions to teamwork, and lost customers are major things to consider before replacing.

Compare with these emocje costs, the who cost of retraining current Senter employees looks good. Online learning management systems keep these costs low and eliminate travel and hosting Frojd expenses.