Brain Drain People are bailing out of your company and you can see the results everywhere especially in your bottom line. According to the Resource Development Group, you'll spend an average of four times an employee's salary to find and train a successor. June drewry, president of the society of Information Management, a trade association for IT professionals, says you should worry. Drewry has spent much of her career searching for, hiring, and then trying to keep good employees. Skilled tech people know they're in demand, and since they're scarce they're lured away by better packages all the time.
High turnover is a big problem.
Domino Effect Small businesses are particularly vulnerable to high IT turnover. Often you have a single technical person in the company, so if she or he walks out the door, hardship sets in immediately. The rest of your employees are left scrambling, trying to keep things going. And that's when burnout sets in. To prevent this, start thinking differently about how to compensate your staff.