Newsletter Articles | March 31, 2010
The Value of Staff Recognition in the Workplace: Now More Important Than Ever
OPEN MINDS The Behavioral Health & Social Service Industry Analyst
The Gameplan
According to the American Management Association, the cost to hire and train a new employee can vary anywhere from 25% to 200% of the positions annual compensation. This estimate includes the cost of customer service disruption; recruitment efforts; loss of experience, continuity, and corporate memory; as well as the cost of absenteeism and/or burnout of remaining employees forced to take on extra duties. In response to the continuous slicing and dicing of public sector funding, behavioral health . . .
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