While the costs of losing a normal employee are high enough, CAP found that the cost of losing an executive is astronomical -- up to 213 percent of the employee's salary.CAP also says that offering workers low-cost benefits, such as sick days and a little flexibility, can significantly lower turnover.ump his pay up 5 percent. Although employee replacement costs are a one-time expense and a salary increase is ongoing, it would take four years of at higher salary to equal the cost of replacing him one time.
Definition of privilege for English Language Learners. : 1  a right or benefit that is given to some people and not to others. : 2  a special opportunity to do something that makes you proud. : 3  the advantage that wealthy and powerful people have over other people in a society.
In the law of evidence, certain subject matters are privileged, and can not be inquired into in any way. Such privileged information is not subject to disclosure or discovery and cannot be asked about in testimony. Usually, privileges exist not because of a fear that information provided will be inaccurate, but because there are public policy reasons the information should not be disclosed.