Cost of Employee Turnover Calculator
Enter your company's metrics to see how much employee turnover is costing you each year.
- Employees on your team?
- Employees who leave each year?
- Average annual salary?
$
- % of salary to find talent?
%
- Days to fill a position?
- Days to ramp up a new hire?
- Training cost per new hire?
$
ESTIMATED ANNUAL COST OF EMPLOYEE TURNOVER
Our Recommendation
Connect with an expert at Matter to see how an employee recognition plan can reduce turnover.
Your Opportunity
- Annual cost of employee turnover:
$- - Current turnover rate:
-% - Estimated turnover rate with Matter:
-% - Estimated savings with Matter:
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Employee Turnover Facts
50%
50% of companies admit to having difficulty retaining employees, and 70% have trouble replacing those who leave.46k
46k is average cost to replace an employee. The cost to replace a highly-trained employee can exceed 325% of their annual salary.40%
Highly engaged employees are 40% less likely to be looking for a job compared to actively disengaged employees.
Source: Forbes
That’s how much Matter could save you on employee turnover every year
$1,121,480,478
Save your people and money with Matter
Connect with an expert at Matter to see how employee recognition, rewards, and surveys can reduce turnover.