The truth about hidden sales costs

We are getting close to the end of the year, which for many businesses is also the end of the financial year. We will be scrutinizing the numbers and trying to figure out where the money went. And maybe trying to figure out how we do a better job next year. The specific terms found below are more than likely not listed as headings on a standard business P&L statement, but these are areas that can cause cash hemorrhaging if not managed properly.

The true dollar cost associated with these 10 items are indeed hidden throughout most business P&Ls.

Turnover
Turnover can cost your company huge sums every year. Poor hires can cost the average company 10 times their annual salary over an 18-month period. Make sure that your recruitment, selection and hiring processes are robust and include solid behavioral assessments.