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480: The Case for Good Jobs with Zeynep Ton

Read to Lead Podcast

CHAPTER

The Cost of Low Pay and High Turnover

Low pay and high turnover is not necessary to compete in low cost services. Even in low cost retail, there's a way to win with your customers through creating good jobs. In front line service settings, we have seen turnover levels from 40% to 300%, depending on the organization. The cost of turnover alone could be 10 to 25% of what you're paying your employees.

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