It’s no secret that turnover in retail is a big concern, rising to as high as 81% of employees in 2018. And turnover comes at a steep price: replacing a part-time frontline retail employee costs 16% of their annual salary, or as much as $3,300 forsomeone earning $10 per hour.
But there are ways to stop the bleeding, starting with implementing an employee onboarding process that delivers only the most relevant information to get started on the job, and continues to feed new hires with personalized bites of learning throughout the process. The results are impressive: with good onboarding, 69% of employees are more likely to stay longer than three years.
Learn more in this infographic from Axonify.