It’s no secret that the generations entering the workforce are less loyal to their employers than those in the past. Unfortunately, this trend is costing businesses a significant amount of money in both cash costs (e.g. training) and opportunity cost (e.g. lost productivity).
To help you understand the impact that increased employee turnover has on your business we have developed the cost of employee turnover calculator below. This tool will help to estimate the cost to your business from poor employee retention.
The good news is that workplace mentorship programs can help improve employee retention. Our cost of employee turnover calculator below can also help you estimate the benefit of mentorship for your organization for use in your business case.