High staff turnover can have a significant impact on operational efficiency and costs. According to research by Oxford Economics and Unum, the average cost of replacing an employee earning £25,000 a year or more is £30,614. This includes hiring costs, onboarding and training expenses, and loss of productivity. Additionally, high turnover rates can lead to decreased morale, disrupted team dynamics, and a negative impact on company culture. By proactively addressing mental health issues and providing timely support, your organisation can enhance staff retention, reduce turnover costs, and maintain a stable and productive workforce.
At OurPulse, we understand that retaining talented employees is crucial for maintaining operational efficiency and reducing costs.
Our platform is designed to provide proactive mental health support, enhancing staff retention by ensuring employees receive the help they need to stay engaged and committed to your organisation.
Join OurPulse in the mission to enhance staff retention and build a stable, productive workforce. Implement our proactive mental health measures to ensure long-term employee engagement and reduce turnover costs.