The turnover cost is:
*34% of employees are extremely or very likely to look for a new job in the next 12 months. 2022 Aflac WorkForces Report
** E.L. Goldberg & Associates states that the estimated cost of turnover and replacement costs is 33% to two times the employee's annual salary.
*** Calculation is based on an average mean salary of $58,260 per 2021 Bureau of Labor Statistics.
The 2022-2023 Aflac WorkForces Report is the 12th annual research study examining benefits trends and attitudes. The surveys, conducted by Kantar, captured responses from 1,200 employers and 2,001 employees across the United States in various industries.