An organization with 150 employees typically has an annual turnover rate of about 11%. If it costs $25K to hire and onboard a single employee, while losing $10K in development and a loss of $50K of interrupted existing productivity and missed opportunities, then those 16.5 turn over employees have cost this company about $1.57 million. Reducing turnover employees by just 20% would save this company about $300K, which can now be allocated to new ventures.
All generations, backgrounds, and culture recognize the value ... and want Mentoring as part of their workplace environment. They know they need to be challenged to succeed. They understand that work is more than a job. It’s about being able to help others and becoming the best that they can be.
The older generation needs Mentoring to gain the soft skills needed to train and guide these eager young professionals on their path to becoming successful business people in their field. They want to hand the job off to someone they know can succeed and carry on their legacy. Mentorship helps both generations and the organization discover and reach their fullest potential. Contact TalentC® today to learn more about how together we can create powerful change. Making you successful is what matters!