By August of this year, a whopping 4.3 million American workers quit their jobs in a mass exodus that has been called the “Great Resignation.” Since then, companies have fought to both attract quality talent and to retain the talent they already have. With the average cost of training a new employee averaging between “one-half to two times the employee’s annual salary,” hiring and training new employees is almost always more expensive than retaining and upskilling existing talent.
Tags: Blog • Leadership & Organizational Consulting