Cost of Turnover Analysis: Basic
For companies with less than 500 employees.
If you want or need to know how much your company is losing as a result of turnover, Retensa’s Turnover Audit team would be glad to help. Through our Turnover Audit, you will receive a detailed report and analysis on all the costs that result from turnovers. We will provide an extensive summary of all metrics associated with turnover and a cross sectional analysis and benchmarks that allow for comparisons across firms in the industry by providing both quantitative data and qualitative analysis. This is delivered in an easy-to-understand report summary with layers of graphical charts.
Sample of the metrics provided:
– Cost per Hire
– Recruiting Efficiency Ratio
– Accession Rate
– Turnover Rate
– Replacement Rate
– Stability Rate
– Veterans Rate
– External Cost per Hire
– Experience Loss
– Direct Cost of Turnover
– Indirect Cost of Turnover
– Total Cost per person / per month / per year
To present an executive-level visual comparison of your cost of employee turnover, we provide graphs and charts developed directly from your firm’s data. This quickly illustrates trends in the total Cost of Turnover and differences in key HR metrics over time. You can even apply historical data to see organizational performance from the previous 36 months.