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turnover

captaintripps

Feb 17, 2015, 1:26 PM
is it just me or is the rate of turnover in the stores at an all time high?
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maxymax

Feb 17, 2015, 10:57 PM
It's part of their design. They actually want high turnover for whatever reason. Maybe they don't have to contribute to 401k or pensions, so they think that'll save them money. I read somewhere that it costs a company about $5,000 per person to advertise, test, interview, hire, fill out paperwork, and train a new hire. Apparently the company has decided that a revolving door with reps lasting about 9 months before quitting and being replaced at $5,000 per person is more cost effective than keeping long term, experienced, knowledgeable employees. I wouldn't doubt they get some kind of tax break or even a government "new hire" grant for all the folks they hire. And I bet if they do get some grant, they aren't required to keep the people ...
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