article from Advantage Hiring 4Q99 Newsletter -- Understanding Employee Turnover: "Turnover has become a major concern for organizations today with labor shortages and competitive pressures making retention of key employees a strategic issue. Latest figures from the Bureau of National Affairs indicate that monthly turnover for the first quarter of 1999 was 1.1 percent. This equates to an annual forecasted rate of 13.2%. Conservative estimates place the cost of turnover at 25% of annual salary plus benefits (Saratoga Institute and Kepner-Tregoe, Inc.). For a 2000 employee company with an average salary/benefit package of $60,000, the annual costs would be about 4 million dollars. That is a figure that should certainly draw the attention of senior management." . . .