Stitcher | eX Employee Experience Podcast November 12, 2018
The cost of replacing a disengaged employee who pulled the trigger and decided to leave your organization is pretty high. According to Gallup, an actively disengaged employee costs their organization $3,400 for every $10,000 of salary, or 34 percent. Let’s say you have 100 employees, and 20% of them are completely disengaged. Now you can figure out the cost of those disengaged employees. So, say your workforce’s median salary is $60,000 a year. That means each disengaged employee costs you $20,400 on average or 34 percent of their salary ($60,000 x .34). That’s $408,000 per year!
The cost of an employee leaving and of the time required to bring up to speed a new hire is 231% of the salary and up to 2 years to be fully productive. That’s insane! Yes, leaders either don’t see the cost or simply don’t care. It’s a problem! How do you develop a thriving workplace where people are aligned with their work and the organization? Well, it starts with the people in charge and cascades through the organization.