Date: July 25th, 2024, 1:00 pm ET / 10:00 am PT
Speaker: Mike Raper, VP of Organizational Analytics
Turnover. It’s a word to cause unease in the minds of even the most seasoned executives. Some industries are currently facing turnover rates as high as 50% in critical roles, and this turnover is extremely expensive. According to Gallup, the cost of replacing an employee can conservatively range from one-half to two times the employee’s annual salary. A 1,000-person organization that provides an average salary of $54,000 – the 2022 median salary in the USA – with a 50% turnover rate could incur replacement costs of approximately $13 million to $54 million per year.
Some say talent retention is the new talent acquisition meaning it’s as difficult to retain top talent as it is to acquire it. Understanding what’s most important to your talent AND how well your organization is doing in those areas is the only way to know where to focus attention and resources to retain them. One of Talent Dimensions’ latest innovations, the Talent Retention Gauge organizational assessment measures just that, and we would like to invite you to pilot this tool with up to 100 of your employees at no cost.
Join us at 1:00 pm ET/10:00 am PT as Mike Raper, VP of Organizational Analytics, will provide an overview of the Talent Retention Gauge and how you can participate.
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