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.
Wiktionary (0.00 / 0 votes) Rate this definition: privilege (Noun). A peculiar benefit, advantage, or favor; a right or immunity not enjoyed by others or by all; special enjoyment of a good, or exemption from an evil or burden; a prerogative; advantage; franchise; preferential treatment. privilege (Noun). The status or existence of such benefit or advantage.