I’ll share how that number directly impacts you and your business
in a moment.
But that’s a staggering amount of money getting flushed down the toilet… and yet it shouldn’t come as a surprise.
Because if your staff are feeling unhappy or disengaged…
Or they feel they’re not reaching their full potential with you (and your competitors are offering them better opportunities…)
Well, they’re going to leave you.
And research shows that 90% of employees believe regular training is VITAL to their career prospects.
It’s not rocket science. Your best employees want top-class career development!
And if you don’t provide it for them?
Well, the cost of replacing stagnant, unhappy staff heading for the exit door will kick a gaping hole into your bottom line…
In fact, studies suggest that staff turnover can cost tens of thousands of dollars per employee…or as much as 1.5-2x their annual salary!
That adds up to a $1 trillion-a-year headache for the US labor market as a whole.
And I’m telling you — that’s a statistic that will only get WORSE
in a recession.