Replacing good employees

Written by Reed Tinsley, CPA | August 6, 2008

We all know how expensive it is to replace good employees, which is why employee retention should be a top priority for all physician medical practices. The costs to replace a good employee can mount up quickly - recruitement, overtime to cover the position, and training the replacement, just to name a few. The following are a few websites I have run across that discuss employee retention and I thought you might be interested in checking them out:

http://www.managerwise.com/article.phtml?id=105

http://www.hrhero.com/topics/retention.html

http://www.therainmakergroupinc.com/add.asp?ID=66

http://www.blissassociates.com/html/articles/employee_retention02.html

http://www.employeeturnovercalculator.com/

About the Author

Reed Tinsley CPA

This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation.

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