Tag Archives: Employee retention

Keys to High Employee Retention and Job Satisfaction

What’s the big deal about employee retention? Though it’s hard to project the exact numbers, it is estimated that employee turnover costs employers anywhere from tens of thousands of dollars to 1.5 to two times the employee’s annual salary in direct and indirect costs. Some of the costs associated with the loss of an employee include:

  • Cost of hiring a new person
  • Time cost and direct cost of training a new employee and getting them up to full capacity
  • Loss of productivity
  • Lower employee morale
  • Lower customer service
  • More errors

After recently celebrating the 20 year anniversaries of Jayne Devlin, BMS Accounting Installation Manager, and Stacy Violett, BMS Utility Billing Software Development Lead,  we thought, “what better time to talk about retention than now?”

What does it take to hire and retain quality employees? Read more >

Posted in Best Practices, BMS Events, BMS Partners, BMS Products, BMS Staff, Utility Billing | Tagged , , , , , , , | Leave a comment

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