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What does staff turnover cost you?
Put in your headcount, wage and turnover rate. The result updates as you type. Nothing is stored and there is no signup.
Where the defaults come from
- Center for American Progress, cost of replacing employees (2012)
- BLS Job Openings and Labor Turnover Survey, accommodation and food services
- FRED series JTS7200QUR, quits rate, accommodation and food services
Replacement cost defaults to 20 percent of annual pay, the Center for American Progress figure for roles under $50,000; the commonly cited range is 16 to 21 percent. Turnover defaults to 70 percent, the high end of hospitality per BLS JOLTS.
Read the guide: How to reduce hostel staff turnover.
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