Training
costs
Lloyds TSB recruitment and training costs average between £5,000-£10,000
per employee.
Employee retention
Over the last 5 years, the number of women returning to work
at Lloyds TSB after maternity leave has risen 10% - saving the company
£1.4million a year in turnover costs.
Enhanced maternity benefits in Xerox (UK) combined with a more
flexible approach to working hours and location has saved the company
£1million over 5 years through increased employee retention.
Nationwide Building Society has average turnover costs of £5,000
for every employee who leaves - for recruitment and initial training.
It estimates that the 30% increase in it's rate of return from maternity
leave over the last ten years has saved over £3million. 91%
of women currently return to the company after taking maternity
leave
Absenteeism
Lloyds TSB has lower than national rates of absence - a 1%
additional reduction in absences saves £10million a year.
Positive publicity
Lloyds TSB estimate that it has reaped a £350,000 benefit
from the media value of positive publicity.
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