How Much Does Employee Turnover Cost? Calculate Yours Now

Find out how much an Employee Engagement Program could save your company.

Let's Calculate Your ROI

Company Size How many employees make up your company?

Employee Average Annual Salary What is the average annual salary for an employee in your company?

Turnover Rate What percentage of employees leave your company in a year on average?

Year-over-year growth How much has your company grown in the past year compared to the previous year?

First Year Total ROI

$110,545.88

How It Works?

Current Annual Loss

Turnover Cost

In a 2022 article, PeopleKeep(1) states that some studies predict that every time a business replaces a salaried employee, it costs an average of 6 to 9 months, (which is between 50% and 75% of their annual salary- based on US Statistics). Let’s use the mean, 62.5%.

Predicted Savings

Turnover Savings

According to a Gallup Workplace report, high-turnover ( >40% ) businesses with engaged workforces have shown up to 24% lower employee turnover rates, whereas low-turnover ( <40% ) businesses achieved up to 59% lower turnover rates. This averages out to a 41.5% turnover rate reduction.

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