Profit Leaks are Killing Your Company: Part 4

| October 25, 2016

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In part three, we looked at how transactional inefficiencies can wreak havoc on your HR department, slowing down strategic collaboration and growth. In part four of this five-part series, we're going to discuss the turnover and employee engagement profit leak. The True Cost of Turnover What does employee turnover really cost you? When you factor in interviewing, hiring, training, reduced productivity, and lost opportunity costs, it can be staggering: Entry-level employees: 30-50% of their annual salary Mid-level employees: as much as 150% of their annual salary High-level employees: upwards of 400% of their annual salary. When you start to add that up, the numbers are shocking and it becomes apparent that turnover is a major culprit of profit leaks. While it may seem costly to implement a unified solution to improve your company’s culture and work environment, the cost to ignore the problem is much steeper.

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DDI | Development Dimensions International

Only 2 in 10 companies today have the leaders to meet tomorrow’s business challenges. The good news? When they do, they are 3 times more likely to destroy the competition. What if you could:- 1) Build your leaders ability to beat the odds against failed business strategies? 2) Make leadership selection and promotion decisions with pinpoint accuracy? 3) Architect learning experiences that ignite the passion of your leaders to grow and learn every day? 4) Secure your future with succession plans that build a strong leadership bench strength, bottom-up and top-down? DDI can make it happen. Obsessed with the science of leadership. Four decades of experience and results. Across thousands of organizations in 93 countries.

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DDI | Development Dimensions International

Only 2 in 10 companies today have the leaders to meet tomorrow’s business challenges. The good news? When they do, they are 3 times more likely to destroy the competition. What if you could:- 1) Build your leaders ability to beat the odds against failed business strategies? 2) Make leadership selection and promotion decisions with pinpoint accuracy? 3) Architect learning experiences that ignite the passion of your leaders to grow and learn every day? 4) Secure your future with succession plans that build a strong leadership bench strength, bottom-up and top-down? DDI can make it happen. Obsessed with the science of leadership. Four decades of experience and results. Across thousands of organizations in 93 countries.

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