SlideShare a Scribd company logo
1 of 15
New Hire Costs Vs. Retention Costs
The True Cost of Hiring ,[object Object],[object Object],[object Object],[object Object],[object Object]
New Hire Costs ,[object Object],[object Object],[object Object],[object Object],[object Object]
60K Employee Replacement Cost ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Retention Alternative ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Retention Alternative ,[object Object],[object Object],[object Object]
RETENTION   Examples of non-cash incentives include:    ,[object Object],[object Object],[object Object],[object Object],[object Object]
Retention ,[object Object],[object Object],[object Object],[object Object]
RETENTION  ,[object Object],[object Object],[object Object],[object Object]
Retention ,[object Object],[object Object],[object Object],[object Object]
Retention ,[object Object],[object Object],[object Object]
Retention ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
HOW TO IMPLEMENT A PLAN ,[object Object],[object Object]
Implementation ,[object Object],[object Object]
Implementation ,[object Object],[object Object],[object Object]

More Related Content

What's hot

How To Use The Mr Updated
How To Use The Mr UpdatedHow To Use The Mr Updated
How To Use The Mr Updatedpalualu
 
Webinar- Recruitment Process Outsourcing
Webinar- Recruitment Process OutsourcingWebinar- Recruitment Process Outsourcing
Webinar- Recruitment Process OutsourcingG&A Partners
 
Indigo Strategic Brochure
Indigo Strategic BrochureIndigo Strategic Brochure
Indigo Strategic BrochureIndigo Strageic
 
External benchmarking in compensation
External benchmarking in compensationExternal benchmarking in compensation
External benchmarking in compensationShishir Swaroop
 
Short Term Staffing for the Long Haul
Short Term Staffing for the Long HaulShort Term Staffing for the Long Haul
Short Term Staffing for the Long HaulDan Shumaker
 
ROEI®: Return On Employee Investment® Increase Competitiveness Through Your ...
 ROEI®: Return On Employee Investment® Increase Competitiveness Through Your ... ROEI®: Return On Employee Investment® Increase Competitiveness Through Your ...
ROEI®: Return On Employee Investment® Increase Competitiveness Through Your ...Sage
 
Managing employee turnover and retention
Managing employee turnover and retention Managing employee turnover and retention
Managing employee turnover and retention ammadfaisal2
 
Tanglewood casebook
Tanglewood casebookTanglewood casebook
Tanglewood casebook琬青 唐
 
Financial Advantages Of Peo
Financial Advantages Of PeoFinancial Advantages Of Peo
Financial Advantages Of Peossperling1
 
Recruiting
RecruitingRecruiting
Recruitingcsides37
 
ROEI - Return on Employee Investment
ROEI - Return on Employee InvestmentROEI - Return on Employee Investment
ROEI - Return on Employee InvestmentSage HRMS
 
Fh 5 leadership hire secrets
Fh 5 leadership hire secretsFh 5 leadership hire secrets
Fh 5 leadership hire secretsTim Hastings
 
Chern's Case Study
Chern's Case StudyChern's Case Study
Chern's Case StudyKyle Walkley
 
Motivation, compensation, discipline
Motivation, compensation, disciplineMotivation, compensation, discipline
Motivation, compensation, disciplinerio-ve-lana
 

What's hot (19)

How To Use The Mr Updated
How To Use The Mr UpdatedHow To Use The Mr Updated
How To Use The Mr Updated
 
Webinar- Recruitment Process Outsourcing
Webinar- Recruitment Process OutsourcingWebinar- Recruitment Process Outsourcing
Webinar- Recruitment Process Outsourcing
 
Indigo Strategic Brochure
Indigo Strategic BrochureIndigo Strategic Brochure
Indigo Strategic Brochure
 
Employee engagement
Employee engagementEmployee engagement
Employee engagement
 
What is rpo
What is rpoWhat is rpo
What is rpo
 
External benchmarking in compensation
External benchmarking in compensationExternal benchmarking in compensation
External benchmarking in compensation
 
Short Term Staffing for the Long Haul
Short Term Staffing for the Long HaulShort Term Staffing for the Long Haul
Short Term Staffing for the Long Haul
 
October 2017 newsletter
October 2017 newsletterOctober 2017 newsletter
October 2017 newsletter
 
ROEI®: Return On Employee Investment® Increase Competitiveness Through Your ...
 ROEI®: Return On Employee Investment® Increase Competitiveness Through Your ... ROEI®: Return On Employee Investment® Increase Competitiveness Through Your ...
ROEI®: Return On Employee Investment® Increase Competitiveness Through Your ...
 
Managing employee turnover and retention
Managing employee turnover and retention Managing employee turnover and retention
Managing employee turnover and retention
 
MSP and RPO
MSP and RPOMSP and RPO
MSP and RPO
 
Tanglewood casebook
Tanglewood casebookTanglewood casebook
Tanglewood casebook
 
Financial Advantages Of Peo
Financial Advantages Of PeoFinancial Advantages Of Peo
Financial Advantages Of Peo
 
Recruiting
RecruitingRecruiting
Recruiting
 
ROEI - Return on Employee Investment
ROEI - Return on Employee InvestmentROEI - Return on Employee Investment
ROEI - Return on Employee Investment
 
Fh 5 leadership hire secrets
Fh 5 leadership hire secretsFh 5 leadership hire secrets
Fh 5 leadership hire secrets
 
Chern's Case Study
Chern's Case StudyChern's Case Study
Chern's Case Study
 
Motivation, compensation, discipline
Motivation, compensation, disciplineMotivation, compensation, discipline
Motivation, compensation, discipline
 
How to Use Big Data for Better Compensation Benchmarking
How to Use Big Data for Better Compensation BenchmarkingHow to Use Big Data for Better Compensation Benchmarking
How to Use Big Data for Better Compensation Benchmarking
 

Similar to New Hire Costs Vs Retention

Cost of Turnover - Your Top Employees May Be More Valuable Than You Think
Cost of Turnover - Your Top Employees May Be More Valuable Than You ThinkCost of Turnover - Your Top Employees May Be More Valuable Than You Think
Cost of Turnover - Your Top Employees May Be More Valuable Than You ThinkHeather Fowler
 
Employee Retention Strategies to Survive the Great Resignation
Employee Retention Strategies to Survive the Great ResignationEmployee Retention Strategies to Survive the Great Resignation
Employee Retention Strategies to Survive the Great ResignationKashish Trivedi
 
Zeta _Benefits_Strategy Zeta Tax Benefits
Zeta _Benefits_Strategy Zeta Tax BenefitsZeta _Benefits_Strategy Zeta Tax Benefits
Zeta _Benefits_Strategy Zeta Tax BenefitsZetaIndia
 
Unit 4 employee retention
Unit 4   employee retentionUnit 4   employee retention
Unit 4 employee retentionprachimba
 
Overview of recruitment
Overview of recruitmentOverview of recruitment
Overview of recruitmentLuke Singleton
 
STAFFING 1
STAFFING 1STAFFING 1
STAFFING 1Joe
 
Employee Turnover Costs More Than You Think!
Employee Turnover Costs More Than You Think!Employee Turnover Costs More Than You Think!
Employee Turnover Costs More Than You Think!Ving
 
Employee Retention Guide Step by Step
Employee Retention Guide Step by StepEmployee Retention Guide Step by Step
Employee Retention Guide Step by StepJary Mark
 
What is recruiting business
What is recruiting businessWhat is recruiting business
What is recruiting businessRoy Welch
 
Compensation Case Study
Compensation Case StudyCompensation Case Study
Compensation Case StudyKen Aitchison
 
Employee retention - the real cost of losing an employee
Employee retention  - the real cost of losing an employeeEmployee retention  - the real cost of losing an employee
Employee retention - the real cost of losing an employeeSamir Hader
 
4 Ways Outsourcing Payroll Could Help Your Small Business
4 Ways Outsourcing Payroll Could Help Your Small Business4 Ways Outsourcing Payroll Could Help Your Small Business
4 Ways Outsourcing Payroll Could Help Your Small BusinessRalfHeyer
 
A Fresh Look at Employee Incentive Compensation
A Fresh Look at Employee Incentive CompensationA Fresh Look at Employee Incentive Compensation
A Fresh Look at Employee Incentive CompensationHuman Resources & Payroll
 
Employee retention
Employee retentionEmployee retention
Employee retentionRini Bhalla
 
Retention Management in the Era of Healthcare Reform
Retention Management in the Era of Healthcare ReformRetention Management in the Era of Healthcare Reform
Retention Management in the Era of Healthcare ReformNicola Hawkinson
 

Similar to New Hire Costs Vs Retention (20)

Cost of Turnover - Your Top Employees May Be More Valuable Than You Think
Cost of Turnover - Your Top Employees May Be More Valuable Than You ThinkCost of Turnover - Your Top Employees May Be More Valuable Than You Think
Cost of Turnover - Your Top Employees May Be More Valuable Than You Think
 
Siva0088
Siva0088Siva0088
Siva0088
 
Staffing Guide
Staffing GuideStaffing Guide
Staffing Guide
 
Employee Retention Strategies to Survive the Great Resignation
Employee Retention Strategies to Survive the Great ResignationEmployee Retention Strategies to Survive the Great Resignation
Employee Retention Strategies to Survive the Great Resignation
 
Zeta _Benefits_Strategy Zeta Tax Benefits
Zeta _Benefits_Strategy Zeta Tax BenefitsZeta _Benefits_Strategy Zeta Tax Benefits
Zeta _Benefits_Strategy Zeta Tax Benefits
 
5 ways to motivate temporary employees paysquare
5 ways to motivate temporary employees   paysquare5 ways to motivate temporary employees   paysquare
5 ways to motivate temporary employees paysquare
 
Unit 4 employee retention
Unit 4   employee retentionUnit 4   employee retention
Unit 4 employee retention
 
Overview of recruitment
Overview of recruitmentOverview of recruitment
Overview of recruitment
 
Employee attrition
Employee attritionEmployee attrition
Employee attrition
 
Retention and Success
Retention and SuccessRetention and Success
Retention and Success
 
STAFFING 1
STAFFING 1STAFFING 1
STAFFING 1
 
Employee Turnover Costs More Than You Think!
Employee Turnover Costs More Than You Think!Employee Turnover Costs More Than You Think!
Employee Turnover Costs More Than You Think!
 
Employee Retention Guide Step by Step
Employee Retention Guide Step by StepEmployee Retention Guide Step by Step
Employee Retention Guide Step by Step
 
What is recruiting business
What is recruiting businessWhat is recruiting business
What is recruiting business
 
Compensation Case Study
Compensation Case StudyCompensation Case Study
Compensation Case Study
 
Employee retention - the real cost of losing an employee
Employee retention  - the real cost of losing an employeeEmployee retention  - the real cost of losing an employee
Employee retention - the real cost of losing an employee
 
4 Ways Outsourcing Payroll Could Help Your Small Business
4 Ways Outsourcing Payroll Could Help Your Small Business4 Ways Outsourcing Payroll Could Help Your Small Business
4 Ways Outsourcing Payroll Could Help Your Small Business
 
A Fresh Look at Employee Incentive Compensation
A Fresh Look at Employee Incentive CompensationA Fresh Look at Employee Incentive Compensation
A Fresh Look at Employee Incentive Compensation
 
Employee retention
Employee retentionEmployee retention
Employee retention
 
Retention Management in the Era of Healthcare Reform
Retention Management in the Era of Healthcare ReformRetention Management in the Era of Healthcare Reform
Retention Management in the Era of Healthcare Reform
 

New Hire Costs Vs Retention

  • 1. New Hire Costs Vs. Retention Costs
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.