The Real Cost of Turnover

Bad news -

Turnover isn’t just frustrating; it’s EXPENSIVE.

Maybe this isn’t earth-shattering news for you. You know that it is:

• Making it hard to stay fully staffed

• Putting a drain on your training

• Decreasing your productivity

• Increasing burnout for remaining employees

But here’s the math-

👨🏾‍💻🧑🏼‍🚒  Imagine that you are a 100-employee team.

💰💵  You pay an average salary of $50,000.

🏃‍♀️🚶🏿‍♂️  You experience the average US turnover rate of 26.3%

Your replacement costs are approximately $660k to $2.6m per year. (2019, Gallup)

🤯

Good news -

This is preventable. While it is overly optimistic to believe you can eliminate this cost altogether, You can bring this number WAY DOWN. ⬇️

The answer? Creating a strong and healthy company culture.

A healthy culture is led by people who:

• Care for their employees as human beings above all else.

• Encourage the growth of their team, together and as individuals.

• Endure short-term discomfort, for long-term gain.

If you’d like to measure the health of your company culture, take our free assessment! It’s designed to help you determine your company’ strengths, areas for improvement and next steps. Click here to take it now!