Given the incredibly competitive talent market, risk of your talent being ‘pirated,’ coupled the talent gap, has led us at EnergyPowerLab to recognize the expense and risk that comes with any new hire.
On average the cost of turnover for a lower level employee can be 30-50% their annual salary but executive position turnover cost can be as much as 400%!
Unless your company has cash it wants to light on fire at the next BBQ, avoiding high-turnover is imperative to efficiently using funds. Candidate risk aside another risk comes to light when the company tries to manage new hires on their own.
Often managers who may be great at leading their team also face the task of interviewing new candidates when they are not yet trained or lack the skills in interviewing techniques. This can exponentially heighten the risk of a bad match later on.
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