'Lost' employees cost SMEs £28,436

To help decrease the likelihood of having to recruit new people to replace those who've left, employers say they are looking to focus on employee wellbeing in 2017. UK SME bosses predict that the biggest areas of focus for them in 2017 will be employees' work/life balance (35 per cent), offering more flexible working practices (21 per cent) and better procurement practices to ensure cost savings (19 per cent). The focus on employee wellbeing and cost control is unsurprising, given that SME decision-makers say that it costs nearly £30,000 to replace employees in terms of recruitment co...