Employee Benefit News (EBN) reports that it costs employers 33% of a worker's annual salary to hire a replacement if that worker leaves. In dollar figures, the replacement cost is $15,000 per person for an employee earning a median salary of $45,000 a year, according to the Work Institute’s 2017 Retention Report. The study of 34,000 respondents concluded that 75% of the causes of employee turnover are preventable.

Do your own math on what it cost to hire an employee, lost efficiency for training and managing work schedules, administrative time dealing with hiring and departures… now consider how much turnover you actually have. For many companies with significant hourly workers, turnover is as much as 100%.

If you could give you employees tools that would make their employment just a bit more sticky and reduce that turnover, that would save your company significant money!