Authors
William H Pinkovitz, Joseph Moskal, Gary Green
Publication date
1997
Journal
Small Business Forum
Volume
14
Issue
3
Pages
70-71
Description
Many surveys say that the number one issue facing business is finding and keeping good employees. Nationally, the average annual employee turnover rate for all companies is 12 percent. In our 1996 Wisconsin study, we found that 75 percent of the demand for new employees is simply to replace workers who have left the company.*
The good news is that there are many proven methods to help you do a better job of finding and keeping good employees. The bad news is well known to every manager who has ever suggested increasing employee training, developing formal job descriptions, implementing exit interviews for departing employees, or establishing more rigorous search and screen procedures. They all cost money.
Total citations
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Scholar articles
WH Pinkovitz, J Moskal, G Green - Small Business Forum, 1997