Tuesday, August 30, 2011
An Executive Coaching Consultancy Can Save You Money and Help You Avoid Costly Hiring Mistakes
Even if you are hiring low wage, hourly employees, an executive coaching consultancy with a good employee assessment program can save you big money. Studies have shown that the cost of hiring hourly employees (earning within about a dollar of minimum wage) is, on average, about half of the individual's annual wages. That's an absurd amount of money to be wasting. How many of those employees do you think stick around for more than a year? Probably not very many, which means you are paying that same amount again, each time someone has to be replaced. So how can you avoid high turnover rates?