I would estimate, that with the recent exodus of our senior staff, that we are going to see costs to the taxpayer in the City of Sarnia upwards of 1 million dollars to properly recruit, train and orient professionals in their new jobs.
The costs of staff turnover in any organization is well-researched and documented. “Jobs that are very complex and that require higher levels of education and specialized training have especially high costs.” This is why leaders of organizations focus so much on “maintaining a stable workforce by reducing employee turnover through better benefits and flexible workplace policies also makes good business sense, as it can result in significant cost savings to employers.” (taken from this study)