Our assumptions are based on studies indicating that depending on the employee's experience and responsibility, the total costs of their turnover varies between 4 monthly salaries for entry level positions, to 24 monthly salaries for executives. According to industry surveys, employee fluctuation can be decreased by about 15,2% while productivity can be increased by 5.4% with the help of performance management systems. Vacations, holidays and sickness days are not taken into consideration in the equation. See sources section.
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