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!

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

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