Results of turnover survey highlight importance of pay and benefits

Nina Anderson

The results of a survey confirming increased employee turnover also confirm the importance of higher wages and more flexibility, according to the owner of staffing service franchise in Western Colorado.

“Colorado has the highest quit rate in the nation. Companies need to consider becoming an employer of choice in their communities by offering competitive salaries and benefits along with flexible work-life balances,” said Nina Anderson, the owner of an Express Employment Professionals franchise with offices in Grand Junction and Montrose.

Express Employment Professionals commissioned the Harris Poll to conduct the survey of more than 1,000 hiring decision-makers in the United States.

Of those responding, 42 percent reported increased employee turnover costing businesses an average of $26,511 annually in recruiting costs and lost productivity. For 21 percent of the respondents, the cost to replace employees topped $50,000 a year.

The most common reasons employees cited for leaving were more advancement opportunities and better pay and benefits.

Express Employment Professionals has a total of more than 830 franchises in the United States and four other countries. 

Anderson operates a franchise with offices at 725 Pitkin Ave. in Grand Junction and 525 E. Main St. in Montrose. For more information, call 242-4500 in Grand Junction or 249-5202 in Montrose or visit  https://www.expresspros.com/grandjunctionco  or https://www.expresspros.com/montroseco.