First-year turnover

What first-year exits cost your organization.

Over one-third of new hires leave within their first year, and replacing an employee can cost one-half to two times their annual salary. Most of that cost lands before a first annual review. Enter your own numbers to see what it means for you.

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$

Pre-filled at 33%: Work Institute reports over one-third. Use your own rate if you know it.

%

Estimated annual cost of first-year exits

$990,000 to $3,960,000

About 33 first-year exits a year, each costing one-half to two times salary to replace.

What one new hire who stays is worth

$30,000 to $120,000

in replacement cost avoided, for every new hire who stays past their first year.

This is an estimate from your inputs and published research. Gallup describes its range as a conservative estimate. It is not a projection of results from The Impression Advantage Coach.

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Sources

  1. 1. Work Institute, First-Year Turnover
  2. 2. Gallup, This Fixable Problem Costs U.S. Businesses $1 Trillion, 2019