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The cost of turnover is an elusive figure than can drain the profits from your bottom line without you even realizing it is occurring. Turnover isn’t easily identified as an expense, however it is real.
Rarely do organizations reflect their turnover cost as a line item on a financial statement, and even if they do, much of the cost is hidden. The average cost of turnover is around 1.5 times the annual salary of the job.
To calculate the estimated turnover cost for your organization use our FREE Productivity/Turnover Calculator. It may provide you the information you need to realize that you have a situation that must be corrected immediately.
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