The Center for American Progress conducted a review of 30 academic studies that approximated the cost of replacing a worker who left the job due to firing or quitting. Their review concluded that the cost of replacing a worker averages around 10% to 30% of the worker’s annual salary.
In other words, not having to replace a worker saves a business this much per worker– with the results for individual professions listed below:
|Profession||Cost of hiring a new employee|
|Cashier||$2,286 – $4,313|
|Hourly store personnel||$3,372 – $4,291|
|Hotel front-office||$5,965 – $5,688|
|Loss-prevention (security) associate||$3,026|
|Administration, sales, catering||$7,658|
|Administrative assistants or managers||$10,031|
|Home care aide||$3,362|
|School teacher||$4,366 – $17,872|
To see the full review from the Center for American Progress, click here.