06/01/2026
๐ WORKFORCE REPORT: The Real Cost of Employee Turnover
When an employee leaves, the cost goes far beyond their final paycheck.
Many business owners are surprised to learn that replacing a $50,000 employee can cost $20,000 or more once you factor in:
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Recruiting and hiring expenses
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Interview and onboarding time
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Lost productivity
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Overtime and temporary coverage
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Team morale and workplace disruption
The true cost isn't just money. It's the experience, knowledge, and relationships that walk out the door with them.
That's why employee retention isn't just an HR issue. It's a business strategy.
Investing in your team through clear communication, efficient processes, and reliable payroll support can help reduce turnover and protect your bottom line.
What do you think is the biggest reason employees leave a company today?