http://www.ere.net/2005/03/10/metrics-for-executives/ Recruiting News, Recruiting Events, Recruiting Community, Social Recruiting Mon, 13 Feb 2012 20:48:24 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.ere.net/2005/03/10/metrics-for-executives/comment-page-1/#comment-699 Bill Bliss Thu, 10 Mar 2005 08:17:00 +0000 http://www.ere.net/2005/03/10/metrics-for-executives/#comment-699 Randall's article is a good reminder to us to use metrics that are relevant to our business leaders. I must comment, however, on the cost of turnover statistic. We have done fairly extensive research on this topic and have determined that the actual cost of turnover (factoring in recruiting costs, training costs and lost productivity costs) to average 150% of the base salary. This is far in excess of the $6,000 figure mentioned in this article. Randall’s article is a good reminder to us to use metrics that are relevant to our business leaders. I must comment, however, on the cost of turnover statistic. We have done fairly extensive research on this topic and have determined that the actual cost of turnover (factoring in recruiting costs, training costs and lost productivity costs) to average 150% of the base salary. This is far in excess of the $6,000 figure mentioned in this article.

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