Note: your team’s current nonscientific effort likely has a zero chance for complete retention.
Yes, you read it right, a zero chance of keeping all of your teammates through the end of the year. And this retention travesty continues at almost every company, despite these five startling facts that should contribute to your anger.
The actual cost of turnover can reach 10 times the departing employee’s salary. The actual costs escalate dramatically when you cope beyond simple replacement costs (most estimates don’t). Also include team disruption, lost productivity, lost intellectual property, and customer/sales impacts (source). More details on the