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• The impact of human capital
is immense, with payroll and benefits alone accounting
for approximately 35 to 40% of operating expense. In terms
of sheer volume, improvements in efficiency can have a
dramatic impact on your bottom line. •
Employment litigation statistics- Small Business Administration
Report • Employment litigation has
risen 2,000% since 1995 • The average
settlement is $200,000 per case, with an average litigation
cost of $50,000 per case • The penalty
for violating a wage or overtime pay requirements is up
to $10,000 for each claim. • “Poor
management is the #1 factor hurting employee productivity.”
- Society for Human Resource Management’s 2005 Workplace
Productivity Survey • “Poor
hiring decisions account for 30% of all business failures.”
- US Small Business Administration •
Turnover costs are estimated to an average of between
25% of an employee's salary (Employment Policy Foundation,
October 2004) to an average of 100% of the employee’s
salary and benefits (The Saratoga Institute).
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