When Workers Grow, Businesses Grow: Personal Development as a Lever for…

Employee retention remains one of the greatest challenges facing the service and hospitality industries today. According to research from Cornell University’s Center for Hospitality Research, replacing a single frontline restaurant employee costs between $5,864 and $7,123 when accounting for hiring, onboarding, training, and productivity loss. For managers, the Center for American Progress estimates that replacement costs exceed 20% of annual salary: often more than $15,000 per manager.

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