Four Hidden Costs of Turnover and Tangible Strategies to Increase Retention
Modern Restaurant Management
MARCH 16, 2022
In 2006, the Cornell Center for Hospitality Research estimated that the average cost to an employer per turned-over employee amounted to $5,864. Accounting for inflation, $1.00 in 2006 is equivalent to about $1.38 This, combined with the unrealized WOTC credits, these two factors alone account for over $60,000 annually.
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