SlideShare a Scribd company logo
1 of 15
New Hire Costs Vs. Retention Costs
The True Cost of Hiring ,[object Object],[object Object],[object Object],[object Object],[object Object]
New Hire Costs ,[object Object],[object Object],[object Object],[object Object],[object Object]
60K Employee Replacement Cost ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Retention Alternative ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Retention Alternative ,[object Object],[object Object],[object Object]
RETENTION   Examples of non-cash incentives include:    ,[object Object],[object Object],[object Object],[object Object],[object Object]
Retention ,[object Object],[object Object],[object Object],[object Object]
RETENTION  ,[object Object],[object Object],[object Object],[object Object]
Retention ,[object Object],[object Object],[object Object],[object Object]
Retention ,[object Object],[object Object],[object Object]
Retention ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
HOW TO IMPLEMENT A PLAN ,[object Object],[object Object]
Implementation ,[object Object],[object Object]
Implementation ,[object Object],[object Object],[object Object]

More Related Content

What's hot

Bridging the employee engagement gap
Bridging the employee engagement gapBridging the employee engagement gap
Bridging the employee engagement gapReward Gateway
 
Leader OnBoarding Process At-A-Glance
Leader OnBoarding Process At-A-Glance Leader OnBoarding Process At-A-Glance
Leader OnBoarding Process At-A-Glance Leader OnBoarding
 
Linkedin global recruiting trends report 2017
Linkedin global recruiting trends report 2017Linkedin global recruiting trends report 2017
Linkedin global recruiting trends report 2017Pierre Bernard
 
Employees engagement activities
Employees engagement activitiesEmployees engagement activities
Employees engagement activitiesDr. Ajit Kar
 
Employee retention issues and analysis
Employee retention issues and analysisEmployee retention issues and analysis
Employee retention issues and analysisRehan Akhtar
 
Employee engagement final
Employee engagement finalEmployee engagement final
Employee engagement finalHareesh M
 
Attrition control and retention strategies for changing times
Attrition control and retention strategies for changing timesAttrition control and retention strategies for changing times
Attrition control and retention strategies for changing timesPranav Kumar Ojha
 
Attracting and Retaining Talent During the Great Resignation
Attracting and Retaining Talent During the Great ResignationAttracting and Retaining Talent During the Great Resignation
Attracting and Retaining Talent During the Great ResignationPayScale, Inc.
 
Employee engagement challenges and opportunities
Employee engagement  challenges and opportunitiesEmployee engagement  challenges and opportunities
Employee engagement challenges and opportunitiesNandu Warrier
 
The Employee Experience: From Engagement to Energy
The Employee Experience: From Engagement to EnergyThe Employee Experience: From Engagement to Energy
The Employee Experience: From Engagement to EnergyGlintInc
 
HR Must Deliver on TRANSFORMATION
HR Must Deliver on TRANSFORMATION HR Must Deliver on TRANSFORMATION
HR Must Deliver on TRANSFORMATION Bhupesh Chaurasia
 
Onboarding milestones
Onboarding milestonesOnboarding milestones
Onboarding milestonesBambooHR
 
Data-Driven Talent Attraction & Engagement
Data-Driven Talent Attraction & EngagementData-Driven Talent Attraction & Engagement
Data-Driven Talent Attraction & EngagementHuman Capital Media
 
10 Employee Referral Program Best Practices
10 Employee Referral Program Best Practices10 Employee Referral Program Best Practices
10 Employee Referral Program Best PracticesDeb Broderson
 

What's hot (20)

Bridging the employee engagement gap
Bridging the employee engagement gapBridging the employee engagement gap
Bridging the employee engagement gap
 
Leader OnBoarding Process At-A-Glance
Leader OnBoarding Process At-A-Glance Leader OnBoarding Process At-A-Glance
Leader OnBoarding Process At-A-Glance
 
Linkedin global recruiting trends report 2017
Linkedin global recruiting trends report 2017Linkedin global recruiting trends report 2017
Linkedin global recruiting trends report 2017
 
Employees engagement activities
Employees engagement activitiesEmployees engagement activities
Employees engagement activities
 
Employee retention issues and analysis
Employee retention issues and analysisEmployee retention issues and analysis
Employee retention issues and analysis
 
Employee engagement final
Employee engagement finalEmployee engagement final
Employee engagement final
 
Attrition control and retention strategies for changing times
Attrition control and retention strategies for changing timesAttrition control and retention strategies for changing times
Attrition control and retention strategies for changing times
 
attrition analysis
attrition analysisattrition analysis
attrition analysis
 
Attracting and Retaining Talent During the Great Resignation
Attracting and Retaining Talent During the Great ResignationAttracting and Retaining Talent During the Great Resignation
Attracting and Retaining Talent During the Great Resignation
 
Employee engagement challenges and opportunities
Employee engagement  challenges and opportunitiesEmployee engagement  challenges and opportunities
Employee engagement challenges and opportunities
 
Talent Acquisition
Talent AcquisitionTalent Acquisition
Talent Acquisition
 
Understanding Employee Attrition
Understanding Employee AttritionUnderstanding Employee Attrition
Understanding Employee Attrition
 
Employee Onboarding Best Practices
Employee Onboarding Best PracticesEmployee Onboarding Best Practices
Employee Onboarding Best Practices
 
The Employee Experience: From Engagement to Energy
The Employee Experience: From Engagement to EnergyThe Employee Experience: From Engagement to Energy
The Employee Experience: From Engagement to Energy
 
HR Must Deliver on TRANSFORMATION
HR Must Deliver on TRANSFORMATION HR Must Deliver on TRANSFORMATION
HR Must Deliver on TRANSFORMATION
 
Developing the Onboarding Program
Developing the Onboarding ProgramDeveloping the Onboarding Program
Developing the Onboarding Program
 
Employee Engagement
Employee Engagement Employee Engagement
Employee Engagement
 
Onboarding milestones
Onboarding milestonesOnboarding milestones
Onboarding milestones
 
Data-Driven Talent Attraction & Engagement
Data-Driven Talent Attraction & EngagementData-Driven Talent Attraction & Engagement
Data-Driven Talent Attraction & Engagement
 
10 Employee Referral Program Best Practices
10 Employee Referral Program Best Practices10 Employee Referral Program Best Practices
10 Employee Referral Program Best Practices
 

Viewers also liked

New Hire Costs Vs Retention
New Hire Costs Vs RetentionNew Hire Costs Vs Retention
New Hire Costs Vs Retentionjimmy1916
 
Flevy.com - Cost Drivers Analysis
Flevy.com - Cost Drivers AnalysisFlevy.com - Cost Drivers Analysis
Flevy.com - Cost Drivers AnalysisDavid Tracy
 
Driving Customer Loyalty
Driving Customer LoyaltyDriving Customer Loyalty
Driving Customer Loyaltyloyaltymethods
 
Nike financial analysis
Nike financial analysisNike financial analysis
Nike financial analysisSarahAlian
 
Employee retention strategy in bpo industry
Employee retention strategy in bpo industryEmployee retention strategy in bpo industry
Employee retention strategy in bpo industryDamyanti Vaishnav
 
Coca-Cola Financial Analysis
Coca-Cola Financial AnalysisCoca-Cola Financial Analysis
Coca-Cola Financial AnalysisElie Obeid
 
Marketing Plan 2016 Residence Inn
Marketing Plan 2016 Residence Inn Marketing Plan 2016 Residence Inn
Marketing Plan 2016 Residence Inn Tania Hernandez
 
Growing Your Userbase with Better Onboarding
Growing Your Userbase with Better OnboardingGrowing Your Userbase with Better Onboarding
Growing Your Userbase with Better OnboardingSamuel Hulick
 
Lean Analytics Cycle
Lean Analytics CycleLean Analytics Cycle
Lean Analytics CycleHiten Shah
 

Viewers also liked (12)

New Hire Costs Vs Retention
New Hire Costs Vs RetentionNew Hire Costs Vs Retention
New Hire Costs Vs Retention
 
Flevy.com - Cost Drivers Analysis
Flevy.com - Cost Drivers AnalysisFlevy.com - Cost Drivers Analysis
Flevy.com - Cost Drivers Analysis
 
Driving Customer Loyalty
Driving Customer LoyaltyDriving Customer Loyalty
Driving Customer Loyalty
 
Strategic Cost Management
Strategic Cost ManagementStrategic Cost Management
Strategic Cost Management
 
Nike financial analysis
Nike financial analysisNike financial analysis
Nike financial analysis
 
Employee retention strategy in bpo industry
Employee retention strategy in bpo industryEmployee retention strategy in bpo industry
Employee retention strategy in bpo industry
 
Hotels Digital Marketing Trends Research
Hotels Digital Marketing Trends ResearchHotels Digital Marketing Trends Research
Hotels Digital Marketing Trends Research
 
Coca-Cola Financial Analysis
Coca-Cola Financial AnalysisCoca-Cola Financial Analysis
Coca-Cola Financial Analysis
 
Marketing Plan 2016 Residence Inn
Marketing Plan 2016 Residence Inn Marketing Plan 2016 Residence Inn
Marketing Plan 2016 Residence Inn
 
Growing Your Userbase with Better Onboarding
Growing Your Userbase with Better OnboardingGrowing Your Userbase with Better Onboarding
Growing Your Userbase with Better Onboarding
 
Lean Analytics Cycle
Lean Analytics CycleLean Analytics Cycle
Lean Analytics Cycle
 
Uber's Business Model
Uber's Business ModelUber's Business Model
Uber's Business Model
 

Similar to New Hire Costs Vs Retention

Cost of Turnover - Your Top Employees May Be More Valuable Than You Think
Cost of Turnover - Your Top Employees May Be More Valuable Than You ThinkCost of Turnover - Your Top Employees May Be More Valuable Than You Think
Cost of Turnover - Your Top Employees May Be More Valuable Than You ThinkHeather Fowler
 
Employee Retention Strategies to Survive the Great Resignation
Employee Retention Strategies to Survive the Great ResignationEmployee Retention Strategies to Survive the Great Resignation
Employee Retention Strategies to Survive the Great ResignationKashish Trivedi
 
Zeta _Benefits_Strategy Zeta Tax Benefits
Zeta _Benefits_Strategy Zeta Tax BenefitsZeta _Benefits_Strategy Zeta Tax Benefits
Zeta _Benefits_Strategy Zeta Tax BenefitsZetaIndia
 
Unit 4 employee retention
Unit 4   employee retentionUnit 4   employee retention
Unit 4 employee retentionprachimba
 
Overview of recruitment
Overview of recruitmentOverview of recruitment
Overview of recruitmentLuke Singleton
 
Alz June News
Alz June NewsAlz June News
Alz June NewsAlZink55
 
STAFFING 1
STAFFING 1STAFFING 1
STAFFING 1Joe
 
Buyers Guide To Temporary Employee Services
Buyers Guide To Temporary Employee ServicesBuyers Guide To Temporary Employee Services
Buyers Guide To Temporary Employee Servicesjeffmonaghan
 
Employee Retention Guide Step by Step
Employee Retention Guide Step by StepEmployee Retention Guide Step by Step
Employee Retention Guide Step by StepJary Mark
 
What is recruiting business
What is recruiting businessWhat is recruiting business
What is recruiting businessRoy Welch
 
Compensation Case Study
Compensation Case StudyCompensation Case Study
Compensation Case StudyKen Aitchison
 
Employee retention - the real cost of losing an employee
Employee retention  - the real cost of losing an employeeEmployee retention  - the real cost of losing an employee
Employee retention - the real cost of losing an employeeSamir Hader
 
4 Ways Outsourcing Payroll Could Help Your Small Business
4 Ways Outsourcing Payroll Could Help Your Small Business4 Ways Outsourcing Payroll Could Help Your Small Business
4 Ways Outsourcing Payroll Could Help Your Small BusinessRalfHeyer
 
A Fresh Look at Employee Incentive Compensation
A Fresh Look at Employee Incentive CompensationA Fresh Look at Employee Incentive Compensation
A Fresh Look at Employee Incentive CompensationHuman Resources & Payroll
 

Similar to New Hire Costs Vs Retention (20)

Cost of Turnover - Your Top Employees May Be More Valuable Than You Think
Cost of Turnover - Your Top Employees May Be More Valuable Than You ThinkCost of Turnover - Your Top Employees May Be More Valuable Than You Think
Cost of Turnover - Your Top Employees May Be More Valuable Than You Think
 
Siva0088
Siva0088Siva0088
Siva0088
 
Staffing Guide
Staffing GuideStaffing Guide
Staffing Guide
 
Employee Retention Strategies to Survive the Great Resignation
Employee Retention Strategies to Survive the Great ResignationEmployee Retention Strategies to Survive the Great Resignation
Employee Retention Strategies to Survive the Great Resignation
 
Zeta _Benefits_Strategy Zeta Tax Benefits
Zeta _Benefits_Strategy Zeta Tax BenefitsZeta _Benefits_Strategy Zeta Tax Benefits
Zeta _Benefits_Strategy Zeta Tax Benefits
 
5 ways to motivate temporary employees paysquare
5 ways to motivate temporary employees   paysquare5 ways to motivate temporary employees   paysquare
5 ways to motivate temporary employees paysquare
 
Unit 4 employee retention
Unit 4   employee retentionUnit 4   employee retention
Unit 4 employee retention
 
Overview of recruitment
Overview of recruitmentOverview of recruitment
Overview of recruitment
 
Alz June News
Alz June NewsAlz June News
Alz June News
 
Employee attrition
Employee attritionEmployee attrition
Employee attrition
 
Retention and Success
Retention and SuccessRetention and Success
Retention and Success
 
Employee engagement
Employee engagementEmployee engagement
Employee engagement
 
STAFFING 1
STAFFING 1STAFFING 1
STAFFING 1
 
Buyers Guide To Temporary Employee Services
Buyers Guide To Temporary Employee ServicesBuyers Guide To Temporary Employee Services
Buyers Guide To Temporary Employee Services
 
Employee Retention Guide Step by Step
Employee Retention Guide Step by StepEmployee Retention Guide Step by Step
Employee Retention Guide Step by Step
 
What is recruiting business
What is recruiting businessWhat is recruiting business
What is recruiting business
 
Compensation Case Study
Compensation Case StudyCompensation Case Study
Compensation Case Study
 
Employee retention - the real cost of losing an employee
Employee retention  - the real cost of losing an employeeEmployee retention  - the real cost of losing an employee
Employee retention - the real cost of losing an employee
 
4 Ways Outsourcing Payroll Could Help Your Small Business
4 Ways Outsourcing Payroll Could Help Your Small Business4 Ways Outsourcing Payroll Could Help Your Small Business
4 Ways Outsourcing Payroll Could Help Your Small Business
 
A Fresh Look at Employee Incentive Compensation
A Fresh Look at Employee Incentive CompensationA Fresh Look at Employee Incentive Compensation
A Fresh Look at Employee Incentive Compensation
 

New Hire Costs Vs Retention

  • 1. New Hire Costs Vs. Retention Costs
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.