Cost of Turnover Assessment
WHAT IS THE REAL COST OF EMPLOYEE TURNOVER?
Understand the financial impact of losing top talent.
Employee turnover is a profitability problem. Every resignation costs more than expected. When talent quits, employers lose time, money, and momentum. Retensa’s Cost of Turnover Assessment quantifies these losses and identifies where retention improvements deliver measurable financial gains.
Direct and Indirect Employee Turnover Costs:
Which apply to your company?
Direct Costs:
Measurable impact on bottom line
- Applicant screening
- Candidate interviews (multiple)
- Candidate testing
- Employment advertising
- Employment liability
- Executive search fees
- Exit Interviews
- IT/security department costs
- Job board posting fees
- Lost training expenses
- New hire processing
- New hire training
- New hire orientation
- Personnel department costs
- Recruiter’s salary
- Recruiting bonuses
- Relocation fees
- Overtime pay for remaining staff
- Separation processing
- Separation pay
Indirect Costs:
- Delay in services/production
- Dissatisfied customers
- Lost sales
- Potentially unrealized sales
- Employee theft from disengaged or departing staff
- Improper use of equipment
- Inventory anomalies
- Job errors
- Lost intellectual capital/skill sets
- Lost social/relationship capital
- Reduced quality of product/services
- Reduced billable hours (from declining productivity)
- Reduced morale (absenteeism, stress, reductions in workplace productivity)
- Weakened reputation
- Decrease in proficiency/performance time
Cost of lost customers due to:
- Inexperienced replacement staff
- Overworked personnel who underserve clients, causing them to take their business elsewhere
- Remaining staff performing extra work under tight deadlines
- Poaching by departing employees
Trends That Increase Turnover Risk
Job Offers
Resignations
Voluntary resignations are at a 20-year high.
Job Hunting
Nearly half of middle managers are actively job hunting.
Schedule a Free Cost of Turnover Analysis Today
Retensa can help you calculate your cost of turnover. Retensa’s consultants specialize in Organizational Development and understand that every organization has a unique culture. They identify your company’s best practices and leverage those strengths to overcome retention challenges.
Your customized analysis provides financial clarity by quantifying how turnover affects profitability. It reveals which roles, departments, or regions drive the highest costs and forecasts future retention expenses.
Employers gain operational insight into how turnover impacts morale, engagement, and customer satisfaction. The assessment also calculates how much revenue is needed to offset retention losses.
To increase engagement, morale, and retention, you need to know the strengths, concerns, and abilities of your employees. Retensa helps you uncover actionable steps to reduce turnover and improve performance.
