Retention as a Cost-Effective Solution to Inflation in AEC

With inflation driving up wages and recruitment costs, AEC firms face mounting financial pressures. Retaining diverse engineering talent offers a cost-effective way to maintain stability and mitigate the financial burden of turnover. 

This webinar dives into how DEI-focused retention strategies can help firms stay competitive in today’s economic landscape.

What You’ll Learn:

• The Cost of Turnover: Why turnover costs range from 50% to 200% of an employee’s annual salary and disproportionately impact underrepresented groups.
• Performance Inequities: How biases in performance assessments lead to increased turnover risks for Black women engineers.
• Retention as a Solution: Practical steps to reduce turnover through DEI-focused retention strategies.
• Leveraging Analytics: How PH Balanced provides insights to address inequities, predict turnover risks, and optimize workforce investments.