Find out how much your company can save every year

We respect your privacy. Information you provide on this page will be used only for the purposes of onboarding cost calculation and will not be stored or shared with any third party.

The yearly onboarding cost of employees who quit is . Your company can save up to 31% of this amount by using a recognition platform. That makes .

Reach out to our team

Please note that the following costs have not been included in the calculations. They generally add up to the total cost of employee turnover which, according to research, is about 30% of the average employee’s annual salary and up to double the employee’s annual salary in the case of executives or highly skilled positions.

  • Recruitment cost. Finding great new talent requires to devote significant time and effort on CV reviews, interviews with the shortlisted candidates and screening. In case of expert and senior roles, companies usually need to pay referral costs as well.
  • Career development and training cost. The amount your company allocates on additional trainings to develop employees' professional competencies and skills.
  • Cost of unfilled role. Usually, positions stay unfilled for months while the recruitment process is complete and a new hire starts work.
  • Employee turnover has a negative impact on productivity.
  • Knowledge loss. Employees who leave the company take their expertise, organizational knowledge, etc. with them.
  • Employee turnover affects the quality of services, therefore, decreasing sales and profitability.