New Hire Scrap Rate
PwC Saratoga released its 2013 Human Capital Effectiveness State of the Workforce Report. Prior to the recession, first year new hire turnover was around 30%. I have labeled early new hire turnover Staffing Waste. It is really your scrap rate. It also creates rework – the need to do it all again. Source, Select, Offer and On-board. That is an amazing failure rate. Stop and look at your organization. Where else does your CEO tolerate a a scrap rate of 30%
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