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Turnover Prevention
In many industries, the cost of lost productivity due to employee turnover can be 150% or more of the employee’s annual compensation. Costs for managerial and sales positions can be even higher (as much as 200%) due to the amount of training and resources it takes to attain and on-board new candidates.
To reduce unwanted turnover, companies can use the Compli platform to ensure termination processes are clearly documented and supervisors receive necessary training in the appropriate policies and procedures. Compli’s turnover prevention help organizations identify recurring problems and address them promptly.
Use Compli to:
- Isolate turnover patterns in the organization and address recurring problems before they happen again
- Automate the training process, and monitor and document completion
- Create retention programs to address common issues, and build loyalty and community in the workforce
In the auto dealership market it costs between $25,000 to $40,000 to replace and train new salespeople according to the National Auto Dealership Association (NADA).
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