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.
aristocracy definition A privileged, primarily hereditary ruling class, or a form of government controlled by such an elite. Note: Traditionally, the disproportionate concentration of wealth, social status, and political influence in the aristocracy has been resented by the middle class and lower class.