Turnover is a business' Achilles' heel. This soft cost can run untraced and erode a businesses profit and long term success. Based on a broad range of industry averages, and being conservative, turnover can run about 25% to 300% of the annual caring cost of an employee (salary plus benefits) Benefits on average cost about 30% of an employees annual salary.

What impact is employee turnover having on your bottom-line?

Scenario #1

• Business with 25 employees
• Average annual salary across all positions is $30,000/employee
• Average benefit cost per employee is $9,000/employee
• Average turnover for business - planned and unplanned is 15% or 3.75 employees
• Bottom-line Impact $60,750
• 10% of the business generating $600,000 in gross profits

Scenario #2

• Business with 60 employees
• Average annual salary across all positions is $35,000/employee
• Average benefit cost per employee is $10,000/employee
• Average turnover for business - planned and unplanned is 10% or 6 employees
• Bottom-line Impact $110,250
• Covers the cost of over 10 employees for annual benefits

Scenario #3

• Business with 125 employees
• Average annual salary across all positions is $40,000/employee
• Average benefit cost per employee is $12,000/employee
• Average turnover for business - planned and unplanned is 5% or 6.25 employees
• Bottom-line Impact $131,000
• the cost of 2 plus employees annually

How is your business impacted?

Select your situation elements below.

This simple calculation is a quick view into the potential impact on the profitability of the business. For a more complete set of assessment questions, click calculate.