Across Europe, the days of having a single career at a single company are over. The increased movement of labor from job to job is a major cost for both companies and countries. The price of replacing a single employee in a given country (Cost of Turnover) refl ects the sum of all expenses and opportunity costs to separate and rehire an employee. It can range from 20 percent to an incredible 200 percent of that employee’s annual salary. This map of science and technology workers, a reflection of their tremendous infl uence on economic growth, shows the Cost of Turnover as a percentage of a country’s per capita GDP. A higher percentage refl ects a more signifi cant fi nancial burden on the nation. Because of the way this ratio is expressed, countries with widely disparate economic sizes and growth...
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Retensa; Map Room: Turning Over Tech Workers. World Policy Journal 1 June 2013; 30 (2): 13–15. doi: https://doi.org/10.1177/0740277513494056
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