Did you know that almost one-fourth of all new hires leave their companies within one year of coming on board? A new study of 500 HR professionals by Allied Van Lines, reported in Business News Daily, found that the blame for this high turnover can’t be blamed solely on the economy or demographics. Instead, Allied found that failure to properly train, mentor and acclimate new employees to the workplace was a key reason behind their moving on.

Employee turnover costs companies substantially, the survey found. The average cost for filling one position was $10,731. But despite the financial hit from high turnover, the majority of companies still spend far more on recruiting and advertising for new employees than they do ensuring that the employees receive proper training. Allied Van Lines found that the average company spends just $67 per employee on “onboarding.”

To read the full, original article click on this link: Why Your Employees Leave And How to Stop Them