Gallup estimates that employee turnover can cost companies one-and-a-half to two times an employee’s annual salary—a conservative estimate for replacing the employee who leaves. To combat this employee attrition, many organizations try to implement effective onboarding initiatives.
Shockingly, one statistic shows that 22% of staff turnovers occur in the first 45 days of employment. If companies have a strong onboarding experience, they can potentially reduce this number and save hundreds of thousands of dollars.
