Talent is in peak demand. To stay competitive, progressive companies like yours have to consider the way they view human capital.
Think of hiring a workforce (human capital) like building a stable investment portfolio: the goal is to maximize ROI, quickly. To retain the talent that can generate the best ROI is naturally more expensive.
It costs employers an average of $4,129 and takes an average of 42 days to fill an open position according to a report by the Society for Human Resource Management (SHRM). That cost increases proportionately based on the duration of the search, job role and salary range.