Activity

3f.A3

(Domain 3)

Costing Out Turnover

Programs to retain employees cost money, but so does losing an employee to turnover. In fact, how much does turnover cost?

Complete Worksheet 3f.A3 to understand the cost of turnover.

  • Once you have this information, what can you do with it?
  • With whom could you talk about developing retention programs to avoid incurring the cost of turnover (perhaps HR or management)?

Remember that what you do with information is what matters.

GOAL:

To assess the justification for a retention program by evaluating the costs of turnover.

RELEVANT FOR:

  • Executive
  • Middle Manager
  • Supervisor