Employee Value

How much are your employees worth?  How much money should you put into finding good employees?  These are very important questions for small businesses.  A recent study from Sage North America reported on the cost and value of employees.

One interesting fact found by the study is that for every $1 spent on an employee there is an average $10 profit.

Employees can also be expensive to replace.  Replacement usually costs 30-400% of the employees salary.  It is important to find good employees though.  Companies with strategic recruiting procedures have 40% less turnover, twice the return revenue on employees, and 30% higher engagement!


About BizTV

BizTV is the home for your business. Whether you're an entrepreneur, small business owner or just managing your family's assets, BizTV can help. Find the resources you need to manage your money, start your latest venture or grow your business. BizTV, It’s Your Biz!

Posted on May 25, 2012, in Uncategorized. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: