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Company Details
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Number of employees100
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Annual turnover percentage10%
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Number of lost employees10
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Average Salary$70,000
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Employee Details
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Salary % cost to hire replacement20%
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Cost of hiring$14,000.00
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Salary % cost to train/onboard replacement10%
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Training and onboarding cost$7,000.00
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Salary % cost for L&D of replacement40%
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Learning and development cost$28,000.00
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Opportunity cost of unfilled role (based on revenue)
$10,000.00
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Turnover Costs
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Cost of employee leaving$59,000.00
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Cost of turnover to company$590,000.00
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Dollars saved with 20% reduction in turnover$118,000.00
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Dollars saved with 31% reduction in turnover$182,900.00
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