Source

Turnover Cost of an $8/Hour Employee

Turnover Cost of an $80K Salaried Manager

Documentation and Supporting Material

Society for Human Resource Management

$3,500

$70,000

Uncovering turnover costs can be a wake-up call, as it was for Walter Kalinowski, Director of HR for a company with 53 truck plazas. "We were hiring 200 employees per pay period. It was out of control. We had trouble finding people," said Kalinowski. He discovered his per-employee turnover cost was $3,500.

Coca-Cola Retailing Research Council

$3,637

$72,740

A major study of the employee turnover problem in the supermarket industry estimated total direct and indirect costs of replacing a supermarket cashier earning $6.50 per hour was at least $3,637.

Cornell University Hotel School

$5,688

n/a

Front Desk clerk, Miami hotel.

Legislative Update, Alaska State Senator Kim Elton

$8,000

$100,000

Hiring and training a new employee can cost from 50% to 200% of the position's annual salary.

Hay Group study

$8,000

$120,000

The cost of replacing workers range from six months of an hourly worker's salary to 18 months salary of a professional employee.

Workforce Magazine – Survey on Employee Turnover 

$10,000

n/a

45% of responding companies indicated that turnover costs are more than $10,000 per employee.

Cornell University Hotel School Study

$11,609

n/a

Front desk employee, Hotel in New York City

Saratoga's Human Resource Financial Report 

$16,000

$104,000

Average turnover cost equals one year's salary and benefits. This can vary widely, depending on industry, with costs much higher for retail.

Bliss & Associates Inc., Wayne, NJ consulting firm 

$24,000

$200,000

Costs of lost productivity are as important as direct costs, such as advertising or temporary staff. Total costs easily reach 150% of the annual compensation. The cost will be significantly higher (200% to 250%) for managerial and sales positions.

Research Average – Cost of Turnover, per departing employee

$9,523

$108,963

Research Average – Percentage of annual salary

60%

136%