Recruiting Costs – advertising, recruiter fees, background checks
Onboarding/Training Costs – time, materials, trainer salaries
Lost Productivity – time before the new employee is fully effective
Overtime/Temporary Coverage – covering the vacant role
Manager/Supervisor Time – interviews, paperwork, training
Lost Knowledge/Experience – impact of institutional knowledge loss
Cultural/Team Disruption – loss of morale or cohesion
Minimum Skilled Hourly Employee: 20% of salary
Skilled Hourly Employee: 40% of salary
Technical Employee: 60% of salary
Supervisor/Manager: 80% of salary
Executive: 100% of salary
Not only do we have a workforce that is disenfranchised, but we are facing a demographic cliff which will further strain the number of people available to fill roles across enterprise levels. This is a critical strategic threat to the operating integrity of companies across industries.
A solution where your people have a voice and where they can participate to co-create a workplace environment where both people and business can thrive. The TWS solution is based on two fundamental truths: