The cost of employee attrition is higher than you think. The recent tech downturn has catalyzed a dramatic cooling of the once-hot tech labor market, causing more than 100,000 layoffs as of March ...

Hiring an employee isn’t just about their hourly wage or annual salary. There’s a whole spectrum of costs that employers need to consider, from direct wages to taxes, benefits, and even ...

How do you calculate the cost of a new employee? While there is no one-size-fits-all formula for calculating total employee cost, the most commonly used formula (and a good estimate if you're trying ...

You’ll hear people talk about the high cost of turnover, but when you try to press for the actual costs they don’t really know. It seems like a mysterious thing that people talk about. And it ...

While the costs of losing a "normal" employee are high enough, CAP found that the cost of losing an executive is astronomical -- up to 213 percent of the employee's salary.

“The real cost of turnover is often estimated to be 33% to two times the employee’s annual salary, depending on the complexity of the position,” said Edie Goldberg, president at E. L ...

In most cases, certain variables affect the overall cost of training new employees. Upfront costs, such as recruitment and administrative hours spent on new hires, are just the beginning.

The costs to replace an employee vary by their earning level, so training costs also vary. The Sasha Corporation averaged the results of 15 studies that determined average costs to replace an $8 ...

Consider the costs associated with hiring in-house sales support. If this hire is a mid-level employee, the total cost will be about 150 percent of their salary.

In April 2010, the Bureau of Labor Statistics estimated that employer costs for employee compensation averaged $29.71 per hour, with wages accounting for 69.6 percent and benefits averaging 30.4 ...

The employee you just hired for $50,000 a year only costs you $50,000, right? Wrong! For several very good reasons, your employees can easily cost 50% more than what you pay them.

How much does a $15 an hour employee cost? Consider the following labor cost scenario: an employee earns $15 per hour. Taking into account that they work 40 hours per week for 52 weeks, they will work ...