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Assessing for Retail Talent Saves Millions in Turnover Costs

Assessed had a turnover rate 8 percentage-points lower than Not Assessed. If all Not Assessed had been Assessed, it would have resulted in 1,134 fewer terminations.

ImageWith the direct costs of turnover conservatively estimated at $5K/termination, this would have saved $5.7M in turnover costs.

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  • CONCEPT : Assessing for talent lowers turnover, saving millions.
  • ASSESSMENT : Talent Online® Assessment
  • INDUSTRY : Retail
  • COMPANY : Retailer

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When controlling for store volume and seasonality, assessed are more likely to remain employed at 1 year and 2 years of service.