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By Market Intelligence Team
OPEN MINDS The Behavioral Health & Social Service Industry Analyst The Gameplan According to the American Management Association, the cost to hire and train a new employee can vary anywhere from 25% to 200% of the position’s annual compensation. This estimate includes the cost of customer service disruption; recruitment efforts; loss of experience, continuity, and “corporate memory”; as well as the cost of absenteeism and/or burnout of remaining employees forced to take on extra duties. In response to the continuous slicing and dicing of public sector funding, behavioral health . . .
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