Thank you for your inquiry into the Culture Impact Cost of Turnover and Lost Productivity Analysis.
How We Calculate Our Cost of Turnover and Lost Productivity
In order to calculate the REAL cost of voluntary turnover and lost productivity, we believe it’s necessary to factor in 3 realities:
1. The direct costs of recruiting a new employee
2. The interim reduction in labor costs of the exiting employee
3. The hidden costs of lost productivity (This is what most calculators don't measure)
(See our Cost of Turnover Guide HERE)
As the picture metaphor above illustrates, much of the real cost of turnover lies beneath the surface. But hidden ice is more dangerous than visible ice. Hidden costs are real costs, and we can help you identify your REAL cost of turnover and lost productivity by filling out the form below.
When you have finished entering the required data below, please click SUBMIT, and a Conversational Management representative will contact you within 2 business days to go over your results with you.
You will receive a one-page report (see Sample HERE) with the following information:
- Your average rate of turnover
- Your direct cost of turnover (Cost per hire + onboarding)
- Your savings from interim reduced labor
- Your cost of lost productivity
- Your real cost of turnover
- Your projected savings if turnover is reduced by just 5%
Thank you! And we look forward to speaking with you soon.
Dave Valero
[email protected]