1. How to Retain Key Employees
... cost of employee turnover often ranges from 50% to 200% of the employee's annual salary based on the type and level of job he/she holds, which includes the cost of advertising, interviewing, loss of productivity and other related fees.Losing key employees dose even more damage than that of typical employees.(Scott, McMullen & Royal, 2012). For example, the expenses of ... between richest paid and lowest paid has a positive relation to the rate of employment retention (Bryant, & Allen, 2013). Secondly, the pay procedures should be open and transparent, because employees' higher level of ...
- Word Count: 1336
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate