According to studies from the Society for Human Resource Management (SHRM), it can cost six to nine months salary every time a business finds and replaces an employee.
For instance, to find and replace a $40,000 position, it could cost nearly $20,000 to $30,000 to recruit, train and get up-to-speed the previous employee.
According to a recent Gallup report, 87% of millennials reported that professional development and/or career growth opportunities are very important for selecting and staying with an employer.