How to Calculate Cost of Employee Turnover

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See How the Predictive Talent Assessment can Reduce your Bottom-Line

Our research shows that the cost of a bad hire can be as much as three times the position’s base salary. Research also shows that people fail in a position for different reasons from the criteria used to select them. Employee turnover can cost companies millions of dollars and countless hours that would be more impactful in other business areas. 

Effect One: The Hard Costs of Hiring and Onboarding Employees

Effect Two: Impact of Employee Turnover on Organizational Performance

Effect Three: Cultural and Morale Impact of Losing Talent Employees

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Founded in 1973, Chally has evolved from a research firm to an industry-leading talent assessment software provider, offering greater flexibility to our customers while maintaining a scientific, data-backed approach to everything we do. For nearly five decades, companies large and small have relied on Chally to help them find the right talent, unlock their potential, and make informed, evidence-based talent management decisions.

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