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

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Gresham Harkless Jr.

Gresham Harkless is a Media Consultant for Blue 16 Media and the Blogger-in-Chief for CEO Blog Nation. CEO Blog Nation is a community of blogs for entrepreneurs and business owners. Started in much the same way as most small businesses, CEO Blog Nation captures the essence of entrepreneurship by allowing entrepreneurs and business owners to have a voice. CEO Blog Nation provides news, information, events and even startup business tips for entrepreneurs, startups and business owners to succeed.

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