Turnover Analysis. You likely know your annual turnover rate, but do you understand what is driving turnover in your organization? Why are employees exiting? When are they more likely to leave your company? Successful companies monitor their turnover as more than just a static number on a monthly or annual report. They analyze detailed data about their terminations to determine a tenure threshold – the point beyond which you are more likely to retain employees. Michaels Wilder can conduct a turnover assessment to pinpoint your tenure threshold and show how improvements in retention can dramatically affect your bottom line.

It only takes a few simple metrics for us to quantify the impact, but producing a business case and bottom line benefit is a highly effective way to open your senior executives’ eyes to the extent of your turnover problem and get their approval for doing something about it. Try our cost of turnover calculator to see the dollars you could save by retaining more of your top talent.