What Does Employee Turnover Really Cost?
Employee turnover can impact an organization in a number of ways. Remaining employees may show signs of resentment and burnout when they have to constantly adapt to new team members and cover tasks previously handled by former workers. Customer service can also suffer with departing employees causing a disruption to the consistency of products and services offered. It can also lead to potential misunderstandings and miscommunication, which undermines customer trust and loyalty.
There’s also an impact to a company’s bottom line — how much does it cost to replace a departing employee? To calculate employee turnover cost in your organization, see our calculator below.