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Oct 15, 2020 6:00:00 AM Rebecca Whittenberger

Employee turnover costs money. A lot of money. Money that you can’t afford to lose.

Here's a sneak peak of what's inside:

Employee turnover costs money. Just how much money are we talking about?

 

Check out these statistics:

Some studies predict that every time a company replaces a salaried employee, it costs 6 to 9 months’ salary on average.

 

For a manager making $40,000 a year, that’s $20,000 to $30,000 in

recruiting and training expenses.

 

But others predict the cost is even more and that losing a salaried employee can cost as much as 2x their annual salary, especially for a high earner or executive-level employee.