Real-Life Outcomes

increase in productivity (sales)

0 %

Increase in customer loyalty and engagement

0 %

decrease in quality defects

0 %

of employees say they’d work harder if they were appreciated

0 %

decrease in turnover

0 %

reduction in absenteeism

0 %

decrease in safety incidents

0 %

decrease in theft

0 %

A single employee turnover costs around 5x what you paid them during that time.

How to calculate the cost of employee turnover:

Daily rate of departed employee’s salary
Number of days the position will remain open
Daily rate of the manager in charge of recruiting and screening new hires
Advertising costs for the job posting
Hours spent screening resumes
Hours spent in interviews, both over the phone/internet and in person
Cost of background checks
Daily rate for hiring manager and trainer(s)
Total days spent training the new employee
Number of working days in the new hire’s first three months (your standard onboarding time)