It’s reported by such organisations as the Society for HR Management (SHRM) that it can cost as much as 450% of salary for you to replace one of your key people.
Straight off, this seems like a lot: a gross exaggeration.
But, if you have a management team of 5, each being paid £50,000 per annum and 1 of them leaves, consider this:
the impact of the declining performance before leaving
working new people up to optimal performance levels
effect on colleagues left behind
All of this can add up to it as much as £200-225,000. What happens if one leaving causes a former colleague to consider their position?
The lack of employee engagement is a billion pound problem and we know that one of the main drivers of an employee’s engagement in an organisation is their boss.
Eskil® has a toolkit that provides a practical approach for clients to address key issues related to engaging employees.
This one-day workshop is for people in leadership roles, management roles and HR as we explore some of the causes & effects of disengagement.
Participants will receive our toolkit and will work with fellow attendants to peer-review and develop your understanding of your key people.