Calculate your employee turnover rate and estimate the financial cost of replacing departing staff — a hidden expense that often exceeds half an annual salary per role.
How it works
- Enter the number of employees who left the company over the period.
- Enter the average total headcount for that same period.
- Input the average annual salary to reveal the hidden financial cost of turnover.
Frequently asked questions
What is a healthy turnover rate?
It varies by industry, but under 10% annually is generally considered healthy. Retail and hospitality run much higher than professional services.
Why is replacement so expensive?
Costs include recruiting, interviewing, onboarding, training, and the productivity gap while the role is vacant and the new hire ramps up.
How can I reduce turnover?
Competitive pay, career development, good management, and regular feedback are consistently the strongest retention factors in research.