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Casual Articles - The Real Cost of Turnover
Most of the time job candidates do not have an updated resume when they need one. When the opportunity arises, whether it is a planned job hunt or one that occurs in a crisis mode, it's easy to fall into a trap of using a resume template as a guideline because you are eager to have one prepared.Unfortunately, that does not allow you to showcase your individual ski
You can see that the list goes on - it's impossible to quantify these intangible costs, but if you could assign a dollar value, the worst case might be three times the engineer's salary or higher. Here's the
A postage meter is a definite asset to any enterprise for the routine dispatch of mail. It is a professional, convenient, cost-effective and time-saving piece of machinery. The primary issues to be considered before deciding on the purchase of a postage meter are the monthly mailing expenses, the average and the maximum pieces of mail dispatched, and the type of postages
3 months unfinished work
$40000
Recruiter fees
$24000
30 hours of your time
$1800
60 hours of interview time
$3600
3 months of startup @ 50% productivity
$20000
3 months mentoring by team @ 25%
$20000
Total Direct Costs
$109400
That's a lot of money out of the company's bottom line: almost enough to hire another programmer. Now consider some of the indirect costs:
- Loss of project memory
- Increased stress on project to pick up the extra work
- Increased likelihood of new errors in the product
- Loss of morale in the project
- Danger of missing project deadlines or product release date
You can see that the list goes on - it's impossible to quantify these intangible costs, but if you could assign a dollar value, the worst case might be three times the engineer's salary or higher. Here's the
Looking for a way to save your enterprise or government organization tens of thousands of dollars a month or more on wireless mobile communication use? First off, it’s going to take some discipline and innovative management for your cellular communication services to become more cost efficient and less prone to abuse. Cell phone and handheld usage can bleed a corporatio
3 months unfinished work
$40000
Recruiter fees
$24000
30 hours of your time
$1800
60 hours of interview time
$3600
3 months of startup @ 50% productivity
$20000
3 months mentoring by team @ 25%
$20000
Total Direct Costs
$109400
That's a lot of money out of the company's bottom line: almost enough to hire another programmer. Now consider some of the indirect costs:
- Loss of project memory
- Increased stress on project to pick up the extra work
- Increased likelihood of new errors in the product
- Loss of morale in the project
- Danger of missing project deadlines or product release date
You can see that the list goes on - it's impossible to quantify these intangible costs, but if you could assign a dollar value, the worst case might be three times the engineer's salary or higher. Here's the
Everyone has that dream job, the one they've been secretly coveting since they were young. Of course, few can grow up to be cowboys, astronauts or princesses, and even fewer can become super models. But, we still dream. They just don't pay the rent, unless you're a psychologist....The truth is: everyone has a different definition of a that perfect job. It
$20000
3 months mentoring by team @ 25%
$20000
Total Direct Costs
$109400
That's a lot of money out of the company's bottom line: almost enough to hire another programmer. Now consider some of the indirect costs:
- Loss of project memory
- Increased stress on project to pick up the extra work
- Increased likelihood of new errors in the product
- Loss of morale in the project
- Danger of missing project deadlines or product release date
You can see that the list goes on - it's impossible to quantify these intangible costs, but if you could assign a dollar value, the worst case might be three times the engineer's salary or higher. Here's the
CIO Magazine ran an article entitled, "Ten Mistakes CIO's Too Often Make" written by Susan H. Cramm, former CIO and vice president of IT at Taco Bell and CFO and executive vice president at Chevys, a Taco Bell subsidiary.I was thunderstruck by her ninth mistake---Pretend that your organizational weeds are really untended flowers.My mind immediately went to
- Loss of project memory
- Increased stress on project to pick up the extra work
- Increased likelihood of new errors in the product
- Loss of morale in the project
- Danger of missing project deadlines or product release date
You can see that the list goes on - it's impossible to quantify these intangible costs, but if you could assign a dollar value, the worst case might be three times the engineer's salary or higher. Here's the
It is estimated we humans make an average 2000 decisions per day. Everything from what we will wear,what we eat,which weather report we watch. Incredibly all seem to be consistent with a pattern or habit we have developed. The average person will live about 72 years,depending on gender. This translates to 26,280 days of life if we reach 72 years. Based on the 2000 decis
You can see that the list goes on - it's impossible to quantify these intangible costs, but if you could assign a dollar value, the worst case might be three times the engineer's salary or higher. Here's the most important thing to remember:
Losing a senior engineer is really, really costly so it's worth investing significant resources to keep your senior staff happy and engaged, so they don't start looking outside the company for their career path.So why don't managers and executives spend more time and energy in preventing turnover in their senior staff? Partly, they consider employee satisfaction to be the role of the Human Resources department, not their own. Also, the costs are largely hidden - the cost of recruiting and interviewing is part of the HR budget, and the cost of lost productivity don't show up on any one's balance sheet, so it's easy to pretend that the loss of an engineer is a schedule inconvenience, but doesn't cost real money.
And keeping your best talent in the company doesn't have to be expensive. Usually they are already making a good salary, so you don't need to put them in "golden handcuffs." Instead, offer them any of these:
- A planned career path that takes them to their dream job within your compan
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