The Cost of Employee Terminations and Turnover

Posted by Christy Putnam on September 23, 2019 at 1:38 PM

Terminations and Employee TurnoverAs an HR professional or manager, employee terminations are something that will need to be addressed, whether frequently or infrequently - and we all hope it end up being less frequent. However often it happens, the resulting turnover can end up being a very costly expense to organizations. A look inside the numbers illustrates how important retention really is.

Terminations and Budgeting for Employee Turnover

To provide additional assistance on our September HR theme of employee terminations, we are offering our free webinar, Termination Done the Right Way, on Wednesday, September 25th at 11:00am PDT. You can register to attend that webinar here (when you do, please ensure you enter “Bennett/Porter & Associates” in the ‘Referred by’ registration field).

In light of these statistics, we can never have too many resources to help with issues affecting our company’s bottom line and/or reducing employee morale. A good source for those resources is People Savvy HCM Essentials, which provides tools like: Employee Turnover calculator, helpful and insightful articles, form templates, and many more items all at your fingertips 24-hours a day, 7-days a week, 365-days a year.

Terminations People Savvy HCM Essentials Turnover Resources

Terminations are inevitable in every organization. Yet as the company's HR professional or manager, you don't have to feel like your alone in handling them.

If you're interested in accessing tools like these, the end of the year is the perfect time to start using them. Schedule a demonstration of People Savvy HCM Essentials today!

Topics: Human Capital Management, Human Resources, Recruiting, Employee Terminations

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