What is employee turnover really costing you?
See what it costs every time someone quits, using published research or your own numbers. Most owners are surprised.
Your team
Your actual costs per departure (optional, but more accurate)
These start with example numbers. Replace them with yours.
Separation
While the job is empty
Hiring
Onboarding & training
Getting up to speed
Where the money goes when someone quits
Your numbers. We add up five costs for each person who leaves: separation, the empty-seat period, hiring, onboarding and training (including the new hire's own paid hours in training), and lost output while they learn the job. Then we multiply by how many people left this year.
The research check. A review of 30 case studies by the Center for American Progress found the typical cost to replace an employee is about 16% of yearly pay for jobs under $30,000 and about 20% for jobs from $30,000 to $75,000. Costs climb much higher for specialized and leadership roles, up to 213% of pay for executives. Gallup estimates the full cost at one-half to two times yearly pay once lost productivity and team disruption are counted.
If your number is far below both, you may be leaving some costs out.
Sources
Center for American Progress, "There Are Significant Business Costs to Replacing Employees" (2012).
Gallup, "This Fixable Problem Costs U.S. Businesses $1 Trillion" (2019).
SHRM Human Capital Benchmarking: average cost-per-hire of $4,129 (hiring costs only).
Get your turnover report
We'll email your results. Want to talk about benefits that help you keep good people? Ryan can walk through options with you for free.