Executive turnover is costly. Signing bonuses, search fees, severance packages, and much more bring estimates of the turnover cost of a “C-suite” employee to $1.5 million. Consulting firms estimate the cost at 1.5 to 3 times annual salary, or more.Yet executives don’t always mesh well. Personality clashes, disagreements on corporate strategy, or the corporate governance structure can cause conflicts. Alternative dispute resolution (ADR) providers, human-resources professionals, and management consultants who can resolve these conflicts and affordably reduce executive turnover will save their organizational clients significant amounts of money.
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