It’s no secret that . . . The Cost of Turnover in the Automotive Industry is Huge! The labor turnover rate in the automotive industry is currently at an exceptionally high level, with recent data indicating a 46% annual turnover rate across the industry, with the estimated total cost of turnover in the automotive retail sector estimated to be $174 million to $348 million annually
I Can’t Get No… Satisfaction! The turnover rates in the automotive sector of the American economy is among the highest of all sectors. The reasons for this are many, but essentially it comes down to the same factors as in other industries – a lack of retention strategies among employers. It’s easy to blame the economy, labor shortages, the work ethic of the “younger workers,’ competitio
So you’re suffering the common industry malady of employee desertion. Yes, the industry's turnover stats are ghastly, and there is no end in sight. Hopefully, our white paper “I Can’t Get No… Satisfaction!” has provided you with some ideas on improving your retention, but the fact is that you’ll never save them all, and you still need to recruit. You’ve been advertising your job o
