Employee turnover is an important statistic for helping staffing firms understand how long their employees tend to stay in a position. The lower your firm’s turnover rate, the less money your firm spends on recruiting, new-hire administration, training, and any other costs associated with replacing employees. Higher employee retention and lower turnover can help your staffing firm reduce recruiting costs and increase profits.
You can use the ASA turnover calculator to easily determine your company’s turnover rate and see how it compares with industry averages. This calculator is available online as an Excel-based worksheet and a printable PDF. Access the turnover calculator at americanstaffing.net.
Exclusive Guide to Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.