Statistics

Biggest Reasons Why Employees Leave Your Company [INFOGRAPHIC]

$5,500…That is the staggering average annual cost for a business owner to replace an employee making just $8 per hour.  For a senior level employee it is 400% more than their annual salary.

Employees are incredibly important to small business owners and entrepreneurs. Here are some facts from the infographic:

  • # 1: Career advancement/promotion opportunities at 32%.
  • #2: Pay /benefits at 22%
  • Last is job security at 2% — check out the graphic to see the whole list
  • 57% of employees do not feel they receive adequate non-monetary rewards or recognition for their hard work
  • Owners have had a small reprieve when it comes to turnover as unemployment has risen turnover has been on the decline

Biggest Reasons Employees Leave Your Company
Via: BOLT

Insurance

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