The author's measurements illustrate what we all already know through quantitative analytics. We modern HR professionals all recognize that this is how we get things done - by showing impact to the bottom line.
Decreased turnover = increased tenure = decreased unproductive new hires
= decreased overall learning curve = increased workforce experience
= increased productive time = increased revenues
So along with turnover, we add the following metrics to create a total picture:
- Time to hire
- Time to competency
- Average length of service