Rosia Bay Ltd

There are varying views on the cost to a business when an employee leaves. Values range from 30% - 70% of salary, and included in these figures are the cost of replacing the employee with recruitment costs, training, lost productivity, embedding etc..  There have been several factors influencing the current employment numbers, post Covid 55+ employees deciding to take early retirement, more people taking on multiple roles, and a reduction in EU employees post Brexit. The uncertainty of the next two years, brings many challenges for employers, not least the challenge of recruitment and retention. Adopting some affordable and sensible strategies can significantly reduce the exiting of key employees and provide a good reason why new employees should join your business. Employee retention and engagement starts at the leadership level Today, employee engagement is considered a business imperative, as more organisations realise the impact that an engaged workforce can have, not only on the b