The cost of employee turnover is staggering and yet goes largely unrecognized. There is no financial statement line item, no general ledger entry, and no budget explicitly set aside for this expense that can cost an evenly modestly sized company well over a million dollars each year.
Using the StrategyDriven Cost of Employee Attrition nomographs and method outlined here, organization leaders can gain a better appreciation for the direct monetary cost associated with attrition and begin to value their retention focused initiatives.
Hi there! Gain access to this article with a StrategyDriven Insights Library – Total Access subscription or buy access to the article itself.
|Subscribe to the StrategyDriven Insights Library
Sign-up now for your StrategyDriven Insights Library – Total Access subscription for as low as $15 / month (paid annually).
Not sure? Click here to learn more.
|Buy the Article
Don’t need a subscription? Buy access to Diversity and Inclusion – Return on Investment, part 1: Employee Turnover Reduction and gain access to it and this accompanying tool for just $2!