How much can you SAVE on Employee Turnover Cost?
Organizations worldwide lose precious talent every day, costing them both critical human capital and financial resources. As they are searching for retention solutions, the initial questions below often come across their mind:
- What are the tangible impacts of losing an employee?
- How do we express turnover in financial terms?
- Why should I invest in an employee retention program?
Retensa’s Turnover Cost & ROI Estimator helps you quantify the issue and prepare a data-backed business case for doubling down on retention.
STEP 1: Determine Turnover Cost Range
To determine your Total Annual Cost of Turnover, enter the numbers pertaining to your own organization in the purple boxes, then simply hit Calculate.
Separation Volume
Active headcount at the end of last year
All separations from last year
#Separations / #Employees
Enter either of the two above, the other field will auto-populate
Total Separation Cost
Toal cost of separating &
replacing an employee
If you don’t know this number, use our
Cost of Turnover Calculator
Cost of Turnover Calculator
Total Annual Cost =
Minimum
$__ ___
Average
$__ ___
Maximum
$__ ___
STEP 2 : Calculate Estimated ROI
Knowing the cost range, now you can drag the button to set the target % of turnover reduction after implementing a successful retention initiative, then hit Calculate to view the potential ROI in dollars term.
After applying data-driven insights that reduce turnover by
Total Savings
Estimated Reduction in Your Turnover Rate with ExitPro (%)
Cost Savings from ExitPro =
(US $ per year)
$___ ___
to
$_ ___ ___