Cost of Employee Turnover Infographic

We all know that hiring new employees is expensive, even for part-time or seasonal employees. The time and money dedicated to finding employees can really hurt your business. Of course, we should therefore do what we can to keep our best employees. Also, when you do hire, pick wisely. I discussed this in detail in previous posts.

Below is an infographic, courtesy of Compliance and Safety, that shows just how much it may cost. Be aware that it varies dramatically for the restaurant industry, but either way, it gives you some good insight.