Temp agencies are more valuable to CEOs in the working world today. This is due to many reasons. Research has shown that 46% of human resources professionals say retention is their greatest concern, followed by employee engagement at 36%. Also, companies are finding that 22% of new hires leave their jobs within 45 days of being hired. Unfortunately, the costs of employee turnover range from 30% to 150% of the employee?s salary. Also, $11 billion is lost annually due to employee turnover. A remarkable 57% of organizations view employee retention as a problem.
Notably, more than 3 million temporary and contract employees work for America?s staffing companies<