For the amount of money your dealership loses every year due to turnover, you could purchase a 3-bedroom house in the Garden District of New Orleans (convenient if you’re planning to attend NADA in January).
Or, you could buy 6 Batsuits. Who am I to judge?
The point is that the average automotive dealership spends $1.5 million each year covering replacement costs from employee turnover. That astronomical sum amounts to a beautiful Louisiana home, a collection of superhero costumes or, to take a dealer-specific example: proceeds from about 1,200 vehicle sales.
Clearly, turnover is a serious encumbrance on dealers’ bottom lines. And yet they frequently allow the problem to persist unabated, for two reasons:
1. Dealers don’t know how much employee turnover is really costing them, and
2. Once they do, they aren’t sure what to do about it.
Next, consider automating your onboarding and compliance programs. You don’t need a fancy suit or a vast collection of gadgets to do this. (Looking at you, Batsy.) Compli makes automation easy. Once you’re ready to learn more, click here.