Human Resources Consulting - Business Psychology - Business Consulting - Turnover - Performance - Engagement - Management Consulting - Leadership Development - Training - Recruiting 

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Reducing Turnover Costs

Finding the right talent is essential to an organization's health as it directly impacts overall engagement and productivity. According to the latest research, when companies select the Top 20% of Talent based on Scientific Assessments they realize a 41% decrease in absenteeism and a 59% decrease in turnover. At HR Wyze, we help organizations find and retain people who fit the job role and company mission by establishing data-driven talent management processes.

Turnover At A Glance

Turnover Rate

26%

Nationwide Turnover Rate in 2017

Turnover Cost

50-200%

Cost of Turnover Based on Annual Salary

Engagement Rate

34%

Percentage of Employees who Report Being Engaged at Work

*According to Gallup Survey/Polls

Reasons For Turnover

Reasons for Turnover
  • Issues with Supervisor/Manager

  • Poor Organization or Job Fit

  • Lack of Growth/Pay Opportunities

  • Career Changes

  • Unhappy with Benefits 

*According to a 2019 Mercer Survey of Professional Employees in the US

Who Is Leaving

Why are your employees leaving
  • Unengaged Workers

  • Employees with Performance Issues

  • All Age Demographics/Generations

  • Seeking Remote Work Opportunity

  • Concerns with Health/COVID 19

*According to a SHRM, SIOP, Gallup, and Mercer Survey/Polls

Replacement Costs

Cost to Hire, Onboard, and Train New Employees Based on Annual Salary

Entry Level

16%

Mid-level

20%

Executive Level

213%

*According to Gallup Survey/Polls

Human Resources Consulting - Business Psychology - Business Consulting - Turnover - Performance - Engagement - Management Consulting - Leadership Development - Training - Recruiting