Tooling U-SME, the leading provider of manufacturing training solutions, released a new report exploring the damaging impact of the cost of turnover (CoT) to manufacturers. According to the CoT report, voluntary turnover costs organizations hundreds of thousands and up to millions of dollars. The report, “The True Cost of Turnover: Hidden Costs Go Beyond Financial to Impact Productivity and Culture,” highlights the dangers of neglecting to take steps necessary to retain and continually develop their workforce.
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