
480: The Case for Good Jobs with Zeynep Ton
Read to Lead Podcast
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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