Retaining needed employees is a hot topic in today's market place. Concerns may focus on employee morale, reducing costs, improving customer service, reducing absenteeism, increasing productivity or avoiding costly legal fees. Paying attention to employee turnover contributes to solving problems in any of these areas.

The U.S. Department of Labor estimates that employee turnover can cost between $20,000 and $30,000 per incident. To roughly figure specific employee recruitment costs, figure one-third of an employee's annual salary, according to the International Telework Association & Council.

Employee Turnover Calculator:
http://www.uwex.edu/ces/cced/economies/turn.cfm
Visit the Center of Community and Economic Development to find out how much in employee turnover costs your company.

Suggested reading materials on Retention by the SHRM Foundation: http://shrmstore.shrm.org