The threat of losing precious employees is treated as a strategic threat, and has a huge impact to the organization's productivity and financial performance. The loss of an employee costs the organization as much as 150% of the departing person's annual salary.
On average, organizations typically spend about 25% of the total operating expenditure to manage attrition problems.
Beyond financial concerns, there are the intangible costs: knowledge migration, employee discontent and delayed schedules.
TalentSaver offers a software solution that reduces the attrition rate in organizations. Our system collects retention-pertinent data proactively and uses advanced data mining techniques to analyze it and provide stakeholders with relevant, on-time information.
Using TalentSaver, our customers would benefit from a reduction of costs associated with turnover, maintain knowledge and competitive advantage, increase effectiveness and productivity, and attract top talent to their company.