Legal Suite and Today's General Counsel, a multi-platform source of content curated daily, offering webinars, a monthly magazine and newsletters for the legal department, c-suites, risk and compliance managers in corporations, have partnered up in a recent webinar about Retention of Knowledge and Employee Satisfaction. From this event, we created an exclusive Executive Summary that analyses how these two elements are Essential to Future Profitability.
The great resignation is still a fact and is expensive: the cost of an employee leaving ranges from 30% to 150% of an employee's salary. The monetary impact is worsened by the toll the churn takes on the workers who stay - the burden of doing more with less, and/or training and onboarding new people. All of this takes away from the goals and mission of the lawyers and paralegals who make up a legal department: practicing law and mitigating risk for the business.