What is Turnover costs?
Turnover cost refers to expenses both tangible or intangible associated with replacing an employee.
Hire with remarkable speed and efficiency
Applicant Tracking, Recruitment Marketing, Sourcing and Talent CRM software are powerful alone, but unstoppable when used together!
STREAMLINE YOUR HIRING!
Turnover costs definition
Turnover cost refers to expenses both tangible or intangible associated with replacing an employee.
Turnover costs include items like:
• unemployment compensation
• COBRA benefits continuation costs
• advertising
• pre-employment testing
• time and materials for new hire
• orientation and training