The Cost of Turnover. Do you know the overall cost of high turnover to your organization? Simply fill in the highlighted fields below to see the dollars you could save by retaining more of your top talent. Adjust the target turnover number to see how even small reductions in turnover can drive big benefits in your organization.

Give our Cost of Turnover Calculator a try to illustrate the savings your organization could achive.

Total Number of Employees (Total number of employees in your organization or department):
Annual turnover percentage (Your current annual turnover percentage):
Target turnover percentage (Your target annual turnover percentage):
Average salary (Average annual salary of your employees):
Salary multiplier (Annual value of an employee determined as a multiple of their salary; could be as low as .5 for administrative positions or as high as 3 for revenue-generating positions):
Entry cost (Cost to recruit and train a new employee):
Exit cost (Cost to process a terminated employee out of your organization):
Days to fill position (Average days a vacated position remains unfilled):

Contact Michaels Wilder to learn how we can help you assess your turnover problems, quantify your benefits case, and build a roadmap of solutions to improve retention in your organization.