2nd Chance Hiring, Job Seekers Are People, and More!
Last Week’s QOTW Poll Results:
Q: Do you know how much turnover cost you in 2022?
- $0-10K - 8%
- More than $10K - 60%
- I don’t know. Scared to look. - 32%
Employee turnover has many costs – not the least of which is morale from losing a productive and valued colleague. Scales of hard costs can range from 50% to 150% of the annual compensation level of the individual who is leaving.
Here are some of the elements which factor into the cost:
- Time of the employees who are filling in
- Advertising
- Recruiting team (posting, sourcing, screening, interviewing)
- Training of new hire (remember your new hire and trainers/others involved will have reduced productivity during their ramp-up period)
Need help with finding the right person to fill their shoes? Reach out today!
Community Events:
Our Hour In-Person Happy Hour - All are invited to the March Our Hour In-Person Happy Hour on Thursday, April 27th @ 5pm at June's Restaurant - Rensselaer, NY Register, here!
518 Business Connect - Virtual Networking Event - Presented by Alaant & Groff Networks on Thursday, May 4, 11am-12pm. Register, here!
Why Accessibility Matters to Your Business – Presented by Overit this panel discussion will be held on Thursday, May 4 at 12-2:15pm virtually on Zoom OR in-person at Overit - Albany, NY. Register, here.
2023 CRHRA / CRATD Annual Conference – Presented by The Capital Region Human Resource Association and The Association for Talent Development (Capital Region Chapter) on Friday, May 5th @ 8:30am - 4:30pm at the Hilton Garden Inn, Troy, NY. Register now, here!
NYSA Annual Leadership & Growth Summit “Preparing Now to Drive the Future” - Presented by the NY Staffing Association on May 10th-11th in Armonk, NY. Register now here.
Tech Valley High School Design Expo – Presented by Tech Valley High School on Wednesday, May 17 @ 1-2pm. Learn more & register, here.
15th Annual First Impressions Second Chance – Presented by The Capital District Women’s Employment Resource Center (WERC) on June 6th @ 5-7pm at the Pruyn House, Latham, NY. Register, here!
About the Author
Miranda March, Digital Communications Specialist
Miranda has a real knack for connecting the dots between employers and job seekers. She prides herself on keeping a pulse on the national and local hiring markets. In her downtime, she enjoys cooking new foods and spending time with her family. A little-known fact about Miranda is her love of video games, new and old.