How Much Is Employee Turnover Costing You?
Based on our estimates, losing a single employee cost you more or less:
Your employee turnover per year is roughly:
Which means per year turnover is costing upwards of:
Surprised?
Are you surprised on how much your turnover is affecting you business profitability every year? Most people are. In fact, this result doesn’t even account for other revenue-draining immeasurables:
- Underperforming employees who leave without completing their training
- Customers receiving poor service from unhappy, under-trained employees
- Negative word-of-mouth from alienated customers spreading like a wildfire
- Lost revenue when dissatisfied customers and their friends take their money across the street
Take the Next Step
Hiring the right people and keeping them onboard for the long haul is the key to lower turnover and higher profits.
Hire Well Now helps you get there.