Page 85 - 2021 Costello's Ace - Give No Ground - 2021 Strategic Planning
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ROI of Training Coordinator
2020 Turnover Rate 41%
Turnover
Cost to Average Salary Cost of Turnover YTD 2020 YTD 2020 Cost YTD
Onboard/Replace of Associate Per EE Hires Turn Over 2020
40% of people who do not
16% of Annual Salary $21,112.00 $3,377.92 603 250 $844,480.00 experience a quality
onboarding process are likely to
leave a company within a year.
Retention Potential Cost of
Total of New Company Training 40% of Employees with Poor
Training Coord. Salary Taxes& Benefits Compensation Hires Savings Coord. Training leave their jobs within
$40,000 $12,000 $52,000 5% $ 42,224.00 $9,776.00 first year.
7% $ 59,113.60 ($7,113.60)
10% $ 84,448.00 ($32,448.00)
250 – 75 – 25
