Cost of Employee Turnover

This report details the high financial and cultural costs of employee turnover, which SHRM estimates at six to nine months of an employee’s salary. Gallup data links disengagement to 37% higher absenteeism and 18% lower productivity, with turnover averaging 34% of a disengaged employee’s pay. Poor culture, lack of career development, and weak feedback systems drive attrition—47% of turnover stems from unhealthy workplace cultures. Seramount emphasizes engagement, listening, and clear career pathways as key strategies to boost retention, lower costs, and improve employee satisfaction.