The cost of employee turnover is significant – about 50% of an employee’s salary. Between interviewing, hiring, training, and getting a new employee up-to-speed, the time and money it takes to replace a good employee has a significant impact – especially to small employers.
When you’ve got good employees, it’s critical to find out what’s important to them – and often, it’s a balance between work and life.
Even small businesses can easily develop flexible options for employees – and if the benefit is increased employee retention, it’s worth it.
An article in today’s Newsday outlines the benefits of such a program.
And today’s Delaware Online shows how an employee can propose a program to their employer.