The Costs of Talent Acquisition and Retention

Most businesses understand that the cost of employee turnover can be an enormous disadvantage. What is less well known is that the costs vary depending on the role of the employee. The higher level the employee, the bigger the hit. However, while lost efficiency and productivity are important, the costs aren’t just financial. Many businesses fail to consider the cultural impact of turnover. Employees that notice a high turnover rate tend to be less engaged in their jobs, and more inclined to job hunt, increasing job turnover rates. At Anderson Sterling Associates we understand the dynamics of job turnover, and recognize that the way to prevent all of these costs is to hire and retain top employees. Talent acquisition is on ongoing part of doing business!