We all know that employee turnover is a problem but no one wants to talk about it. This is largely because no one knows how big of a problem it has become. Recent studies show that employee turnover costs US businesses $1 Trillion per year and shows no signs of slowing down.
Knowing the cost of turnover at your company is the first step in fixing the problem and greatly impacting your bottom line. When you understand the cost of employee turnover in your organization, you can make better decisions about everything from your hiring process, on-boarding, training and performance metrics.
The Journeyfront Cost of Turnover Calculator was designed to show businesses how much money your employee turnover is costing you by allowing you to customize to your business.
Our Cost of Turnover Calculator includes:
Position specific turnover calculation
Customizing the cost for each position
Summary calculation across the entire company
Cost savings estimator of reducing turnover - even by 1%
