What Is The Average Employee Retention Rate by Industry? [2021 Update]
DailyPay
APRIL 10, 2021
The separation rate includes employees who voluntarily quit a position, layoffs, retirements, and discharges. Some studies show that replacing an entry-level position can cost up to 40% of an employee’s salary. Training can range from career development opportunities to financial wellness programs. In other words, 15.1%
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