Many employers underestimate the cost of employee turnover. Researchers have estimated the cost of employee turnover to total anywhere from 30% to 150% of an employee’s annual compensation.

Employee turnover occurs when employees involuntarily or voluntarily leave an organization.  Involuntary turnover occurs when employees are terminated, while voluntary turnover occurs when …more ›

In the past, succession plans were developed only for executive positions.  In today’s business climate, succession plans need to be more broad-based, and need to cover other key positions.  In addition, succession plans need to be integrated with other HR programs, such as recruiting, training and development programs, to ensure they deliver results. …more ›