How Hire and Wire Turns Workforce Challenges into Strategic Advantages

Hidden Losses: How Employee Turnover Eats into Profits

By Hire and Wire
Employee turnover is more than losing staff—it’s a hidden financial drain that silently erodes profits, especially in the service sector. Beyond replacing a salary, every resignation triggers a 2.5-month productivity gap:
• 1 month for task handover
• 2 weeks for recruitment
• 1 month for training and integration

During this period, salaries are paid but output lags, while supervision, training, and customer dissatisfaction add further hidden costs.

Beyond Money: The Human Impact
Frequent departures weaken team cohesion, delay projects, and harm service quality. Remaining employees face heavier workloads and frustration, risking a cycle of further resignations.

Retention: Your Competitive Edge
In a market where talent is the real currency, retaining skilled employees lowers labor costs and fuels long-term growth.

Legal Support for Stability
The New Labor Law No. 14 of 2025 helps companies manage turnover:
• Probation Period (Art. 34): limited to 3 months to reduce hiring mistakes.
• Resignation Notice (Art. 112): requires a 90-day notice, giving companies time to recruit and train replacements.

Companies that create workplaces where people feel valued and empowered transform turnover from a recurring problem into a rare event.

Hire and Wire’s Smart Solutions
Hire and Wire tackles turnover with:
• Comprehensive assessments for technical and cultural fit
• Streamlined hiring to speed onboarding
• Continuous training to boost productivity quickly

By proactively managing turnover, businesses protect service quality, reduce hidden costs, and secure sustainable profitability in today’s service-driven economy.