Relentless Romero Blogs

1.       I don’t have the budget A motivational business speaker with Jason’s credentials and story-telling capabilities is not cheap, but nothing important and valuable is cheap.  What does it cost for your business to replace one key employee? The Society of Human Resource Managers (SHRM) has studied this point and estimates that the recruiting and training expense of a salaried employee is 20% of the position’s salary – for a $60,000 per year position, the cost to the business would be $12,000. For highly compensated positions, it is estimated that the recruiting and training expense can be in excess of 100% of the position’s salary – for a $150,000 per year position, the cost to the business would exceed $150,000 in recruiting and training expenses. The true cost of replacing an employee also includes 1. Advertising, interviewing, screening and hiring for the position; 2. Onboarding expenses – training and management time; 3. Lost productivity – it can take a year fo