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.
1. a class of persons holding exceptional rank and privileges, esp. the hereditary nobility. 2. a government or state ruled by an aristocracy, elite, or privileged upper class. 3. government by the best or most able people in the state. 4. a governing body composed of the best or most able people.5. any class or group regarded as superior because of education, ability, or wealth.oun. 1. aristocracy-a privileged class holding hereditary titles. nobility. elite, elite group-a group or class of persons enjoying superior intellectual or social or economic status. noblesse-members of the nobility (especially of the French nobility).