The True Cost of Employee Turnover

200

TOTAL NUMBER OF EMPLOYEES

100

NUMBER OF EMPLOYEES THAT LEAVE
(PER YEAR)

$15

AVERAGE EMPLOYEE HOURLY WAGE

Estimated Annual Cost of Employee Turnover

Sources: (1) Work Institute Retention Report; (2) To Have and to Hold. Retrieved from SHRM.org

SOFT COST
(Hiring, Productivity)

$578,880

HARD COST
(Wages, Training)

+$285,120

TOTAL COST
(PER YEAR)

$864,000

REFERED SAVINGS
(PER YEAR)

$216,000
on employee turnover based on your turnover rate