Attrition is expensive, and its ultimate costs extend well beyond the balance sheet. Check out our infographic to learn more about the total cost of turnover, why top talent takes off, and how you can retain good workers. Learn more about SurveyMonkey Engage: http://bit.ly/2ILHQ4j

1. say they’re not
well-compensated
The cost of turnover is high. Learn why top talent
leaves—and how you can keep them on board.
A formula for your annual
turnover cost looks like:
The total cost of losing an employee can range from 1.5-2X
annual salary, according to Josh Bersin of Deloitte.
Reasons why good
employees jump ship
don’t see a clear path to
development in their company
6
So why do
employees leave?
48%
38%
39%
36%
35%
31%
aren’t proud of the
work they do
don’t find their work
personally meaningful
say their leadership is
not open and honest
say their manager doesn’t have
their best interests in mind
of employees would take a
job elsewhere if offered.
51%
One of the most effective ways to reduce employee turnover is to increase
employee engagement. Here are some steps you can start taking now:
Take the next step to keep your top talent from jumping ship.
Keep employees on board
Learn how
Communicate your
intent to listen to the
needs of your employees
Commit to measuring
and understanding the
employee experience
Adopt a holistic
employee engagement
methodology
This translates into a big hit
for a business’s bottom line:
X
$ $ $
$ $
$
Annual cost of turnover
Poor customer
experience
Customer service
and errors
Training cost
Cultural impact
Onboarding
Hiring a new
employee
Lost
productivity
Lost
engagement
Total
cost
Number of
employees
Annual turnover
percentage
X
Hiring
Onboarding
Development
Unfilled time
+
+
+
This data was gathered by surveying two national samples comprising 8,003 adults who were employed full-time. The samples were combined and
weighted for age, race, sex, education, employment status, and geography to reflect the demographic composition of the United States.
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