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How EHS Information Systems Can Help Minimize Non-Compliance from Employee Turnover
Jacobs’ latest whitepaper, in collaboration with EHSQ software leader Intelex, discover how standardizing, aggregating and integrating institutional knowledge into environmental, health and safety systems can mitigate employee turnover risk.
Today’s job landscape can be volatile – from retiring baby boomers to the sentiment among gen-Y and millennials that staying with one company for an entire career is not in their best interest.
Research suggests that direct replacement costs can reach as high as 50 to 60% of an employee’s annual salary, with total costs associated with turnover ranging from 90 to 200 % of annual salary. This figure does not include interview costs, sign-on bonuses and the immediate impact that switching from an experienced to an inexperienced resource can have on productivity and team morale.
Viewed through the lens of environmental, health and safety (EHS) compliance and risk management, turnover can negatively impact business operations and the company’s bottom line. This translates not only into cost, but into operational and compliance risk that goes beyond the balance sheet and into the areas of social responsibility and sustainability, which have now become staples of investor research.
But what if we showed you how, for EHS professionals, the solution to mitigating employee turnover risk and associated business impacts lies in standardizing, aggregating and integrating institutional knowledge into EHS platforms?
With our latest insights, in collaboration with EHSQ software leader Intelex, “How EHS Information Systems Can Help Minimize Non-Compliance from Employee Turnover,” find out how investments made in EHS information management solutions drive best practice outcomes, helping organizations meet industry standards, exceed corporate goals and ultimately improve environmental health and safety.