SPECIAL REPORT
Grit Won’t Quit: How Hiring for Passion + Perseverance May Help Reduce Turnover
By Nik Butz, Ph.D. and Reed Stratton, Ph.D. UW-Stevens Point School of Business and Economics with assistance from SBE students Abby Schmidt ’20, MBA ’21 and Emily Gruber ’23
Turnover Hurts
“Soft” Costs
Distrust
Lost Clients
Wavering Commitment
Hindered Morale
Lost Innovation
$47,000 across industries
Nearly $14,000 per employee within companies
42 days and $4,129.00 for recruiting, interviewing, and onboarding
Financial Costs
Central Wisconsin Report - Fall 2020
13
Made with FlippingBook Learn more on our blog