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Your Cost of Turnover
Based on the information you entered, your annual turnover cost* is estimated to be
{{ROI}}
{{ROI}}
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Turnover Costs Breakdown
DIRECT COSTS
Separation Costs
Exit Processing
Administrative Time
Separation/Benefit Pay
Vacation/Sick Pay
Unemployment Tax
Replacement Costs
Communication of Vacancy
Pre-Employment Administration
Selection Interviews
Testing, Background Checks & Exams
Relocation Expense
Training Costs
Orientation
Formal Training
Materials
Equipment
On-the-job Instruction
INDIRECT COSTS
Lost Productivity
Performance Differences
Lost Business
Lost Institutional Knowledge
Decreased Survivor Productivity & Morale
Risk of Legal Action, Labor Strikes
Damage to Company Reputation
For more information on spotting the signs of an employee at risk, check out this article,
Turnovers Can Cost You the Game
*Calculation uses the estimate of 33% of a worker’s annual salary to calculate the cost of turnover. Source: 2017 RETENTION REPORT Trends, Reasons & Recommendations, Work Institute, 2018.
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