The turnover cost is:
* 2020-2021 Aflac WorkForces Report, 28% of employees are extremely/very likely to look for a new job in the next 12 months.
** Employee Benefit News reports employers spend on average of 33% of a worker’s salary during the replacement process.
*** Calculation is based on an average mean salary of $53,490 per 2019 Bureau of Labor Statistics.
The 2021-2022 Aflac WorkForces Report is the 11th annual research study examining benefits trends and attitudes. The surveys, conducted by Kantar, captured responses from 1,200 employers and 2,000 employees across the United States in various industries.