It is no secret that employee turnover is incredibly costly. In fact, one study shows that a single worker turnover can cost upwards of $15,000! And that’s just the direct costs.
Can comprehensive background checks reduce turnover?
Absolutely! Background checks help promote a safe working environment and they keep employees honest. They also help increase the quality of the candidates applying.
Q: What are the indirect costs of turnover?
A: There are many, and most come in the form of time. The amount of time it takes to set up and conduct interviews, time to go through candidates, and the amount of time it takes to train a new hire are a few examples. Another major indirect cost is the affect turnover has on morale of the company.
Q: Morale costs? What is that?
A: Because the other employees will have to cover the workload of the employee that left, they will be under greater stress to balance everything until someone new can be hired and trained – this is the major impact of morale costs.
75% of the causes of employee turnover are preventable.
Want to see how we can help mitigate employee turnover with a comprehensive background check? Contact us now!
Feel free to give us a call, shoot us an email, send a carrier pigeon, whatever! We will respond and work one-on-one with you to develop a background screening package that fits your needs as well as works to bring in the highest quality candidates to decrease your cost of employee turnover.
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