Not just hiring and training! You also have to start paying state unemployment tax on that new hire. In Florida the first $7,000 is taxed on each new employee. Then there’s loss of efficiency, and related items. On top of that, if your turnover is high, your payroll company will up your rates because they’re working harder and you’re a PITA employer. I’ve sat meetings where we decided exactly that.
Comment on Vibe management
MTK@lemmy.world 4 days ago
Add to that the fact that hiring and training a new employee usually costs between 5-10 times more than retaining an employee (from hire to fully trained)
shalafi@lemmy.world 4 days ago
end_stage_ligma@lemmy.world 4 days ago
Yet they never seem to act like that. They punish you for loyalty.