Tools & Resources
Turnover
Calculator
The Real Cost of
Losing Employees
Imagine this: A construction company is struggling with high employee turnover. The owner, frustrated, watches as experienced workers leave and new hires cycle through too quickly. Deadlines are missed, morale is low, and the hiring process feels like an endless loop.
He knows turnover is costing the business, but he has no idea just how much.
That’s the challenge many business leaders face. They feel the pain—missed deadlines, declining morale, and the constant need for training—but they rarely quantify the financial impact.
And that’s a problem. Because what gets measured gets managed.
Employee engagement matters 🔗 By boosting employee engagement and reducing turnover by 25%, there's a potential savings of $-.
A 50% reduction in turnover could mean $- in saved costs.
Why You Need to Know Your Turnover Cost
Turnover isn’t just a temporary headache—it’s a financial drain. Beyond the obvious costs of recruiting and onboarding, there are hidden expenses that chip away at your bottom line: lost productivity, strained team dynamics, and potential safety risks from an inexperienced workforce.
For construction companies, where expertise and experience matter, high turnover isn’t just a cost—it’s a liability.
Take Control with Our Turnover Cost Calculator
We’ve developed a Turnover Cost Calculator to help business leaders get a clearer picture. This tool breaks down the true cost of employee turnover, factoring in recruitment, training, lost productivity, and more.
Because when you see the numbers in black and white, it’s a wake-up call.
Running the numbers can be eye-opening for a struggling construction company. What seems like an unavoidable industry challenge can turn out to be costing the company hundreds of thousands of dollars a year.
If you’re unsure how much turnover costs your company, now’s the time to find out. Use our Turnover Cost Calculator to get an accurate number, and then take steps to bring it down.
Once you know what’s at stake, you can start fixing the problem.
Turnover Cost
Calculator
Turnover Rate: -%
Cost Per Employee: $-
Total Turnover Cost: $-
For more about how HORNE can help in growing your people and your business, let’s talk.
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