Here’s the hard truth:
It will cost you a lot more to replace good people than it will to pay them what they’re worth.
And the real cost of losing talent isn't on your balance sheet. It's hidden in plain sight...
Your business loses money when you don’t pay good people fairly and they leave.
The replacement costs go far beyond just hiring someone new.
Here are 6 hidden costs of underpaying your best people:
1️⃣ Knowledge Loss
↳ Years of experience and insights disappear overnight.
↳ Some skills can't be replaced with training manuals.
2️⃣ Decreased Team Morale
↳ Remaining employees question their own worth.
↳ Productivity drops as motivation crumbles.
3️⃣ Damaged Client Relationships
↳ Customers build bonds with faces, not companies.
↳ Each departure risks valuable business relationships.
4️⃣ Reduced Productivity
↳ New hires take months to reach full efficiency.
↳ Team output drops during transition periods.
5️⃣ Culture Decline
↳ Every exit weakens your company's foundation.
↳ Strong cultures collapse one departure at a time.
6️⃣ Increased Hiring Costs
↳ Recruitment fees and training expenses pile up.
↳ Lost opportunities during transition periods add up.
Investing in your people isn’t a cost.
It’s a strategy.
And being cheap with salaries is the most expensive strategy a leader can make.
Invest in your people before they invest in another opportunity.
What's the biggest impact of losing a great employee?
Let me know below! ⬇️
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