Cost of Employee Turnover Calculator
Employee turnover is costing you, but how much? Enter your company's metrics to see how much employee turnover is costing you each year.
With a powerful recognition program like Bonusly, you could save as much as
on employee turnover every year based on your turnover rate of %
According to Bersin by Deloitte research, companies that scored in the top 20 percent for building a "recognition-rich culture" had 31 percent lower turnover rates.
Employee Turnover by the Numbers
67%
Soft Costs
Such as reduced productivity, interview time, and lost knowledge*
33%
Hard Costs
Such as recruiting, background checks, drug screens, and temp workers*
More than 50% of all organizations globally have difficulty retaining some of their most valued employee groups.
The cost to replace a highly-trained employee can exceed 200% of their annual salary.
Highly Engaged employees are 40% less likely to be looking for a job compared to Actively Disengaged employees.
Employee Engagement Suggested Reading List
The Essential Guide to Employee Engagement
The most comprehensive and idea-packed employee engagement guide around! 🎉
Getting the Most from Peer Recognition
Learn what it takes to build and maintain an effective peer recognition program.
10 Dead Simple Ways to Improve Your Company Culture
Culture is the foundation of your organization that can impact everything from employee engagement to recruiting and retention.
What You Need to Know About the Cost of Employee Turnover
Do you know how many employees you lose each year to turnover?
Employee Tenure in 2020, Bureau of Labor Statistics
Explore the Bureau of Labor 2020 report on employee tenure. Dive into insights based on industry, occupation, demographics, and more!
Deloitte 2021 Global Human Capital Trends
The worker-employer relationship disrupted: If we’re not a family, what are we?