Cost of Employee Turnover Calculator

Find out how much employee turnover costs your company every year. *

SHRM has estimated employee churn will cost US companies a staggering $680 Billion in 2020, a 13% increase since 2018, as the tight labor market continues to have many more job openings than qualified applicants. This will lead to quality employees, especially younger job seekers, to continue job hopping if they feel their employer does not recognize their contributions.

How many people are on your team?

employees

What is their average salary?

$

What is your rate of attrition?

employees per year


* The total cost of replacing an employee typically includes:

  1. The cost of locating new talent:
    1. Recruiting Firms/ Head hunters
    2. Job Board Postings
      1. Indeed
      2. Zip Recruiter
      3. LinkedIn
      4. Others
    3. Job Fairs
    4. Signing Bonuses
    5. Relocation Costs
  2. The length of time to fill the position (lost revenue)
  3. The time it takes to get the new employee fully ramped


Annual Cost of Employee Turnover
$4,539,686


An innovative loyalty & incentives program from Dynamic Incentives could save your company up to:

$1,407,303
on employee turnover every year.

According to Deloitte Research, companies that are in the Top 20% of “recognition rich cultures” have a 31% lower turnover rate than their industry peers.



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It's Valuable

Dynamic can save your customers & employees over $500 per year.

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Dynamic set up is easy & works on any smartphone, laptop or PC.

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Dynamic works in over 400,000 retail locations nationwide.