Anchor Payroll Blog

When Not to Worry About Turnover

Posted by Anchor Staff on May 30, 2023 11:58:27 PM

Most HR professionals would agree that turnover is a source of stress. Losing an employee can feel like losing an investment, and replacing that person has its own costs—advertising, onboarding, training, and coverage to name a few. But we also know that turnover is a manageable cost of doing business, and sometimes even welcome. In short, turnover is a metric to take seriously, but also realistically.

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Topics: leadership, hr, turnover

Ten Steps to Effectively Review Resumes

Posted by Anchor Staff on Jun 30, 2021 3:34:25 PM

According to the U.S. Bureau of Labor Statistics, the unemployment rate in July 2009 was 9.4% compared to 5.8% in July last year.  In turn, many employers have observed from their growing stacks of resumes, a wider availability of experienced workers as interested job applicants. As the employer, to effectively determine which resumes will lead you toward the top job candidates, keep in mind the following helpful steps:

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Topics: employees, hiring, turnover

The Real Costs of Employee Turnover—And How to Measure Them

Posted by Anchor Staff on Apr 10, 2021 11:09:31 AM

Employee turnover is expensive—more so than you might think. According to a recent survey by the Society for Human Resource Management, the average cost-per-hire is $4,129. However, turnover costs can vary depending on the length of time it takes to fill the role, the importance of the position to the employer, and the employer’s industry. Some costs are easily calculable, such as those of recruiting, hiring, and onboarding. Other costs can be difficult to measure, such as the impact of a termination on employee engagement. Easily measurable or not, all these costs hurt your bottom line.

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Topics: employees, hr, hiring, turnover