Turnover Cost Calculator
Wondering how much employee turnover costs you each year?
FACT: Employee turnover has a significant impact on the stability and performance of your company.
Left unchecked, it can disrupt your productivity and team dynamics. It can impact employee morale, pose challenges to your culture, not to mention hit you with a high cost of replacing every employee who's left.
This staff turnover cost calculator will help you to quickly determine the impact and cost of every employee's departure. Simply input your data into the relevant fields to see the actual cost of staff turnover in your organization.
Turnover Facts:
- The average annual turnover rate in the US is 18%.
- The cost to replace an employee can be 50% – 200% of their annual salary when factoring in recruitment, training, and lost productivity.
- Turnover is on average 16% higher when employees are uncomfortable giving upward feedback to leaders.
Your numbers
Annual cost of turnover
$567,000
Every year you have to replace 18 people. Each employee you retain saves $31,500.
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