Working parents: Employee Engagement, Retention & Diversity
Our social mission links People strategy with Corporate Responsibility in a new and relevant way; a simple way to contribute to being a responsible business that delivers against HR engagement, retention and diversity goals.
Replacing talent is more expensive than retaining it. A report by Oxford Economics reveals that replacing staff incurs significant costs for employers, covering lost output, recruiting and training a new employee. The loss of an employee earning £25,000 a year or more carries an average financial impact of £30,614. We imagine in many organisations this cost is even higher.
And so the business case to support Working Parents is clear.