In a good economy with low unemployment rates, retaining your employees is more important than ever.
Recruiting replacements for lost employees isn't easy, and it affects the bottom line:
Replacing a lost employee costs average of 21 percent of his or her salary.3
Millennial turnover costs the U.S. economy $30.5 billion annually.4
While you can't always convince departing employees to stay, you can gather valuable information from them before they leave. Doing so will help you improve career development practices, strengthen your culture, and uncover other key issues that may be affecting your ability to retain employees.
In this eBook, we'll cover:
The benefits of conducting exit interviews
Best practices for a strong exit interview program
Quick-start list of good exit interview questions
Source: 3 Heather Boushey and Sarah Jane Glynn (November 16, 2012). “There Are Significant Business Costs to Replacing Employees,” Center for American Progress Issue Brief.
Source: 4 Gallup, How Millennials Work and Live, May 2016