Calculate employee attrition (turnover) rate and the associated replacement cost.
Attrition rate measures the percentage of employees who leave during a given period. It includes voluntary resignations, retirements, and involuntary terminations.
| Industry | Avg Turnover |
|---|---|
| Technology | 13-15% |
| Healthcare | 19-22% |
| Retail / Hospitality | 60-80% |
| Finance / Banking | 15-18% |
| Manufacturing | 25-30% |
Replacing an employee costs 50-200% of their annual salary when you factor in recruiting, onboarding, training, and lost productivity. A company with 200 employees and 12.5% attrition replacing 25 people at $15,000 each spends $375,000 annually on turnover.