Your employees are costing you money.
Or making you money.
Companies with engaged employees see up to
41.5% lower turnover.
Your employee engagement ROI
Company Size
Employee Average Annual Salary
Turnover Rate
Year-over-year growth
Here's how much you could save with improved employee engagement
Current Annual Loss
$0.00
Money lost to employee turnover each year
First Year ROI
$0.00
Potential savings with employee engagement program
Employees Retained
$0.00
Additional employees kept per year
Cost breakdown
Employees leaving annually
0
Cost per employee lost (62.5% of salary)
$0.00
Potential turnover reduction (41.5%)
0 employees
Annual savings potential
$0.00
How It Works?
Current Annual Loss
Turnover Cost
In a 2022 article, PeopleKeep(1) states that some studies predict that every time a business replaces a salaried employee, it costs an average of 6 to 9 months, (which is between 50% and 75% of their annual salary- based on US Statistics). Let’s use the mean, 62.5%.
Predicted Savings
Turnover Savings
According to a Gallup Workplace report, high-turnover ( >40% ) businesses with engaged workforces have shown up to 24% lower employee turnover rates, whereas low-turnover ( <40% ) businesses achieved up to 59% lower turnover rates. This averages out to a 41.5% turnover rate reduction.
Ready to achieve these results?
See how HR Cloud's employee engagement platform can help you reduce turnover and save money.
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