Turnover refers to the number of employees who have voluntarily or involuntarily left a given job or group of jobs during a specific period of time. The "turnover rate" is the ratio of this number to the total number of employees in the job or job group.
CoolTouch Monitors LLC is a private company that was founded in 2005. CoolTouch Monitors designs and manufactures small format in-rack MultiMedia Monitoring solutions. Our MultiMedia monitor inputs include SDI Digital Video, Composite Video, S-Video, Scalable VGA, Audio as well as TouchScreen capability. CoolTouch uses the highest quality, highest resolution analog and digital screens available on the market incorporated into sleek, rugged steel and aluminum enclosures designed to tilt while mounted in-rack. We have spent years designing award winning LCD products for other companies and have been imitated the world over. CoolTouch supplies the Professional Television Broadcast, Film, CCTV and Multi Media markets via production and OEM unit capabilities. Based in Southern California, CoolTouch Monitors offers high design and reliability at manufacture direct pricing via online sales.
Employee turnover is much more costly than you might think. In fact, research shows that up to 80% of turnover costs are hidden. Because of these virtually invisible costs, most managers usually do not track turnover or are not alarmed by high turnover rates.
When you add everything up (separation, vacancy, replacement, and training costs), the price tag for turnover typically ranges from 33% to 50% of annual compensation and benefits for hourly employees. And it’s a whopping 100% to 200% for salaried employees. Since there is so much on the line, it pays to do everything you can to keep successful and productive employees from leaving.
Many factors contribute to employee turnover. These include inadequate compensation, lack of employee engagement, poor job fit, etc. I will not address them here, but I will show you how to figure out the turnover rate regardless of the factors that caused it. With this figure, you can monitor your organization's employee turnover relative to that of other organizations in your area or in your industry. That will let you know where you stand with applicants and employees, and from that you can know if it is worth your money to boost retention. You should continually monitor this rate so you can make informed choices in the future.
Turnover refers to the number of employees who have voluntarily or involuntarily left a given job or group of jobs during a specific period of time. The "turnover rate" is the ratio of this number to the total number of employees in the job or job group.
Employee turnover is much more costly than you might think. In fact, research shows that up to 80% of turnover costs are hidden. Because of these virtually invisible costs, most managers usually do not tract turnover or are not alarmed by high turnover rates.
When you add everything up (separation, vacancy, replacement, and training costs), the price tag for turnover typically ranges from 33% to 50% of annual compensation and benefits for hourly employees. And it’s a whopping 100% to 200% for salaried employees. Since there is so much on the line, it pays to do everything you can to keep successful and productive employees from leaving.
Retention
The Employee Benefits Monitor tracks developments affecting employee benefits in South Africa.
We strive to understand and simplify the increasingly complex legal, public policy and case law developments affecting employee benefits.
The Employee Benefits Monitor was established in 1999.
The owner manager has 25 consecutive years' employee benefits expertise, with international exposure.
Over 400 issues of our newsletter The Employee Benefits Monitor have been published.
We have summarised and analysed over 2000 rulings of the Pension Funds Adjudicator, High, Supreme Court of Appeal and Constitutional Court.
We are independent of financial services providers. We have no commercial interest in any organisation which is subject to the Financial Advisory and Intermediary Services Act.
We strive to provide information that enhances the wisdom of clients, but emphasise that any opinion that we provide is subject to the reader obtaining professional advice appropriate to the matter being considered or/and discussed.
What we monitor, includes:
Government departments legislative and policy programmes
Cabinet statements and speeches
Parliamentary committees
Rulings of the Pension Funds Adjudicator and over 15 other relevant dispute resolution institutions
Regulatory authorities
Government Gazettes
International organisations relevant to employee benefits.
The EAE employee benefits program allows employees to choose a selection of discounted products and services that matter most to them. With exclusive rates on a range of popular products and services, the EAE program provides unlimited benefits and usage throughout the calendar year, and it is a convenient and easy to use service, that is redeemable online.
Our suppliers include some of the most well-known and trusted brands in Australia, brands that provide the Employee Added Extras benefits program with an enormous amount of versatility and value. That means regular savings off everyday items and services, imbuing the employee benefits scheme with real value for employees. Employee Benefits through the Employee Added Extras site is updated continuously, with regular additions to the existing fantastic rewards and benefits to ensure the benefits remain interesting and meaningful, and that there is something for everyone.
The employee benefits program for employees provides the recipient with a username and password, which gives access to a tailored website, branded with your organisation's logo, where they can redeem the offers conveniently online, 7 days a week, 24 hours a day. We also allow the recipients to nominate their family and friends to use the card, providing further value and benefits at no extra cost.
CoolTouch Monitors LLC is a private company that was founded in 2005. CoolTouch Monitors designs and manufactures small format in-rack MultiMedia Monitoring solutions. Our MultiMedia monitor inputs include SDI Digital Video, Composite Video, S-Video, Scalable VGA, Audio as well as TouchScreen capability. CoolTouch uses the highest quality, highest resolution analog and digital screens available on the market incorporated into sleek, rugged steel and aluminum enclosures designed to tilt while mounted in-rack. We have spent years designing award winning LCD products for other companies and have been imitated the world over. CoolTouch supplies the Professional Television Broadcast, Film, CCTV and Multi Media markets via production and OEM unit capabilities. Based in Southern California, CoolTouch Monitors offers high design and reliability at manufacture direct pricing via online sales.
Employee turnover is much more costly than you might think. In fact, research shows that up to 80% of turnover costs are hidden. Because of these virtually invisible costs, most managers usually do not track turnover or are not alarmed by high turnover rates.
When you add everything up (separation, vacancy, replacement, and training costs), the price tag for turnover typically ranges from 33% to 50% of annual compensation and benefits for hourly employees. And it’s a whopping 100% to 200% for salaried employees. Since there is so much on the line, it pays to do everything you can to keep successful and productive employees from leaving.
Many factors contribute to employee turnover. These include inadequate compensation, lack of employee engagement, poor job fit, etc. I will not address them here, but I will show you how to figure out the turnover rate regardless of the factors that caused it. With this figure, you can monitor your organization's employee turnover relative to that of other organizations in your area or in your industry. That will let you know where you stand with applicants and employees, and from that you can know if it is worth your money to boost retention. You should continually monitor this rate so you can make informed choices in the future.
Turnover refers to the number of employees who have voluntarily or involuntarily left a given job or group of jobs during a specific period of time. The "turnover rate" is the ratio of this number to the total number of employees in the job or job group.
Employee turnover is much more costly than you might think. In fact, research shows that up to 80% of turnover costs are hidden. Because of these virtually invisible costs, most managers usually do not tract turnover or are not alarmed by high turnover rates.
When you add everything up (separation, vacancy, replacement, and training costs), the price tag for turnover typically ranges from 33% to 50% of annual compensation and benefits for hourly employees. And it’s a whopping 100% to 200% for salaried employees. Since there is so much on the line, it pays to do everything you can to keep successful and productive employees from leaving.
Retention
The Employee Benefits Monitor tracks developments affecting employee benefits in South Africa.
We strive to understand and simplify the increasingly complex legal, public policy and case law developments affecting employee benefits.
The Employee Benefits Monitor was established in 1999.
The owner manager has 25 consecutive years' employee benefits expertise, with international exposure.
Over 400 issues of our newsletter The Employee Benefits Monitor have been published.
We have summarised and analysed over 2000 rulings of the Pension Funds Adjudicator, High, Supreme Court of Appeal and Constitutional Court.
We are independent of financial services providers. We have no commercial interest in any organisation which is subject to the Financial Advisory and Intermediary Services Act.
We strive to provide information that enhances the wisdom of clients, but emphasise that any opinion that we provide is subject to the reader obtaining professional advice appropriate to the matter being considered or/and discussed.
What we monitor, includes:
Government departments legislative and policy programmes
Cabinet statements and speeches
Parliamentary committees
Rulings of the Pension Funds Adjudicator and over 15 other relevant dispute resolution institutions
Regulatory authorities
Government Gazettes
International organisations relevant to employee benefits.
The EAE employee benefits program allows employees to choose a selection of discounted products and services that matter most to them. With exclusive rates on a range of popular products and services, the EAE program provides unlimited benefits and usage throughout the calendar year, and it is a convenient and easy to use service, that is redeemable online.
Our suppliers include some of the most well-known and trusted brands in Australia, brands that provide the Employee Added Extras benefits program with an enormous amount of versatility and value. That means regular savings off everyday items and services, imbuing the employee benefits scheme with real value for employees. Employee Benefits through the Employee Added Extras site is updated continuously, with regular additions to the existing fantastic rewards and benefits to ensure the benefits remain interesting and meaningful, and that there is something for everyone.
The employee benefits program for employees provides the recipient with a username and password, which gives access to a tailored website, branded with your organisation's logo, where they can redeem the offers conveniently online, 7 days a week, 24 hours a day. We also allow the recipients to nominate their family and friends to use the card, providing further value and benefits at no extra cost.
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