SoylentNews is people
SoylentNews
The other day, we discussed a company that sees its workers as assets to be cherished and nurtured. Sadly, there are a lot of companies that see their employees as "human resources" to be used up and cast off. Maybe those enterprises need a better means to evaluate the wisdom of that tack.
Common Dreams reports
Employee turnover costs businesses millions of dollars each year. However, many employers don't accurately track this expense, which could be reduced by improving workplace conditions. To help business owners understand the cost of turnover, the Center for Law and Social Policy (CLASP) and Center for Economic and Policy Research (CEPR) have released an updated turnover calculator.[1] This dynamic tool allows employers to calculate turnover costs by responding to 10 simple questions.
When employees leave or are laid off, companies incur numerous expenses searching for and on-boarding their replacements; these include advertising, recruiting, background checks, benefits administration, training, and lost productivity while new employees become proficient at their jobs. Taken together, these costs can have serious implications for bottom lines. The turnover calculator allows businesses to input wages; weekly hours; and recruiting, hiring, and training costs to determine the financial impact for different categories of workers.
[1] The link(s) in the article redirect. I have provided a direct link in the summary.
(Score: 2) by frojack on Wednesday May 20 2015, @12:42AM
They don't have any experience, all they have is training, which for all the fields I have worked in is a far cry from experience.
You pay to send a green employee to school, and what you get back is a green employee lead by the hand trough some simplistic course assignments, and they are STILL just as green and inexperienced as they were the day you hired them.
I don't know what you expect from training. I've both paid for employee training, and have had it provided by my employer. I don't think any instances of employer provided training i've seen turned a green horn into a journeyman without some considerable amount of additional experience. They certainty aren't worth three times the salary they were hired at, and the companies that hired our freshly trained co-workers certainly didn't get their money's worth. (I knew their new bosses, it was a small-ish town).
No, you are mistaken. I've always had this sig.
(Score: 2) by CyprusBlue on Wednesday May 20 2015, @04:31PM
If they can jump to somewhere else with those new skills, the market clearly disagrees with you, and you need to accept that and act accordingly and either pay them what they are now worth, or watch them leave for a more competitive company.