article thumbnail

A Review Of Perspectives 2018 From A Workforce Management Perspective

SumTotal

Historically companies often discount Very Indirect Savings as these relate more to areas such as improvement in employee engagement. Several studies put the cost of hiring minimum wage hourly employees at around $3,500 per hire, with this figure increasing exponentially in line with the employee’s hourly wage.

article thumbnail

One Essential Key For Franchise Business Growth

Rallyware for Human Resources

Well-trained and knowledgeable staff will increase their productivity and their training will also lead to quality improvements, job satisfaction, engagement, retention, and an overall increase in your business. In addition, figures show that staff turnover costs $2,500 per employee on average.