What are the Non-Financial Costs of Employee Attrition?
Decision makers seem most interested in the financial costs related to providing mentoring and induction. However, there are also some very significant “costs” of NOT using mentoring. Mentoring delivers a big impact on the quality of employees and the results they achieve but these “cost savings” are more difficult to demonstrate directly. Never-the-less, these indirect costs need to be clearly presented. Here are some ideas about calculating and demonstrating those often more hidden costs.
