Sterling Management Discusses High Cost of Employee Turnover

Sterling management experts discuss the increase in employee turnover rates and the high cost businesses are facing in today’s workforce.

July 31, 2015 /MM-prReach/ —

Sterling is a company that is dedicated to helping employers control costs, and experts from the company recently weighed in on the high cost of employee turnover and how companies can avoid these expenses.

“According to the Bureau of Labor Statistics, the job turnover rate as of January 2015 was 22 percent,” says CEO Kevin Wilson. “That means that 30.5 million people quit their jobs for a variety of reasons.”

As seen at https://local.yahoo.com/info-20617845-sterling-management-systems-glendale, the experts at this company note that this is an important consideration for employers. “Entry-level employees cost as much as 50 percent of their annual salary to replace. Even for a minimum-wage worker, that adds up for employers who must constantly find and hire good help. For higher-level employees, the cost is even higher,” says Wilson.

What many people do not realize, according to this expert, is that they may be hiring the wrong people in the first place. “There is a lack of proper screening techniques. After bringing in the applicants, there is no effective testing of the applicants being done before hiring them,” Wilson says. Hiring is often based on first impressions, which can be deceiving. Everyone in a job interview puts his or her best foot forward and tells interviewers what they want to hear. Instead, Wilson and his experts advise businesses to employ verifiable testing data in order to determine the best person for the job.

For more information on the job market and how to hire the best employees, see Sterling on the web at http://www.glassdoor.com/Salary/Sterling-Management-Glendale-Salaries-EI_IE34509.0,19_IL.20,28_IC1146787.htm.

About Sterling: Sterling is a premier CPA management training firm serving companies throughout California. Offering training and consultation for customers in all areas of the country, the firm has been in business for more than 30 years and helps CPAs cope with stress, inefficiency and confusion by offering customized consultations, management courses and regional workshops.

Contact Info:
Name: Tyler Collins
Email: info@sterling.com
Phone: (800) 933-7538
Organization: Sterling Management

Source: http://www.prreach.com/pr/19262

Release ID: 88147