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Management



Staff don’t always leave for more money
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The real cost of changing staff

What is the cost of replacing an employee? Surprisingly, it can add up to a lot more than just the loss of some sales and a few hours of time, David Brown says.
In a typical retail jewellery store, payroll will be in the area of 15-17 per cent of total sales achieved. If this is not the case, managers might need to seek professional advice on getting the staffing mix right to keep this cost under control. But...

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Friday, 13 December, 2019 01:45am
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