Retention - it's the good ones who go!

Reduce the cost of employee turnover and hire top performers with Top performers psychometric tests.

Employee turnover is inevitable, but when it is excessive, employee turnover often puts a business into the red. The costs of turnover are easy to overlook or ignore – but ignore them at your own peril.

Excessive employee turnover has obvious costs you can track, but the real costs take a greater toll. Many new employees do not become fully productive until they’ve been trained and gain experience, a process that usually takes several months. The time, effort, and money invested in those employees, walk out the door when they leave.

For a ballpark estimate of the money your organisation loses to employee turnover, we suggest using a very conservative one fifth of the total payroll of the people who turned over.

Example Employee Turnover Cost Analysis:

A company has 100 employees. Turnover is only 20% per year. Employee turnover cost is 3 months wages (very conservative). Average wage is £9.00/hr. plus 20% benefits.

Existing yearly employee turnover cost = 100 employees X 20% X £5,616 (including benefits) = £112,320 per year.

Let’s say we can reduce employee turnover by a conservative 50%. Often the percentage is significantly more. The yearly savings are = £56,160.

Now think about the impact of saving that amount of money. What could your organization have done with that investment? Calculate your turnover cost here:

We can help you identify Top performers the first time, as well as match existing employees to the positions in your organisation that provide the best job fit. By focusing on job fit using online tests, you will increase your organsation’s employee retention.