Employee retention is vital and having a high turnover rate can lead to serious problems like lower employee spirits, customer loss, and poor productivity. When an employee leaves, it costs about 33% of an employee’s salary to replace them, making the median the median cost for hiring new employees around $15,000, as stated in Benefit News.
Let’s face it, we call can grow tired of our job, no matter how much we love it. Whether it’s boredom, burnout, or another reason, employees are currently leaving their jobs in the millions. However, what many employers do not realize, is giving employees a break could extend the life of the employee in their current role. This would save both the employee and employer money and resources in the long run.
An example of this was seen with Deborah Majoras, a lawyer who worked for Proctor & Gamble for fourteen years. In 2019, she almost quit her job, feeling overwhelmed and overworked. However, instead of quitting, Majoras decided to try another approach, a nine-week sabbatical. Through this break, she was able to rest, recover, and reflect on what she wanted from the remainder of her career. Upon returning to work, Majoras was able to better focus and feel comfortable again in her workplace. In the article, on Law.com, Majoras offered this option to other employers: “The choices [are]: Let somebody go for two, four, six months and then come back reenergized and back in the role or lose them entirely…. When I look back on it now, it seems like it ought to be a pretty clear choice.”
If you are an employer or an employee looking for practical work-life balance solutions, we can help. Reach out today.