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Cost of Turnover
Complete this simple calculation to learn how much your organization is spending (and could save) from losing valuable people.
Exempt Employees
Hourly Employees
The Society of Human Resources Management (SHRM) estimates that to replace a salaried employee costs 6 to 9 months of salary on average and to replace an hourly employee costs 2 to 4 months of salary on average.
Example:
LevinHRConsulting worked with Osiris Therapeutics to reduce turnover by 20% which resulted in a savings of $800,000.
LevinHR Consulting is working with Sri Sai Biopharmaceutical Solutions to reduce turnover by 15% which has resulted in a savings of over $350,000
We can do the same for you!
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