People leave their employers for many reasons. At any given time, up to 20% of the average company’s staff is preparing to leave. This could mean they are adjusting their resumes, searching online for other jobs, updating Linked In and sifting through Monster or Careerbuilder RSS feeds while you are paying them for their allegiance.
So if you have 1000 employees, 150 of them per year will quit for one reason or another. This is typically an ongoing cycle that most companies willingly accept for lack of understanding.
Now for the harsh reality. Multiply 150 annual staff departures by $13,500 which is the average cost to interview, hire, train and integrate an employee who makes $50,000/year.
That’s $2,0250,000 per year in HR costs because 150 people aren’t engaged, challenges or satisfied as they need to be.
Lack of employee engagement is one of the antigens in our database. This antigen costs the average 1000 person company over $2 million/year.
While we are building the antigen (lack of employee engagement) we are also building the antibody (deeper engaged employee loyalty) to counter effects of this killer.
If I were in charge of human capital or served in any HR function, this would demand some of my focus.
This is an example of what ANTIGENcy is hired to do.