Step One Survey & Turnover
Assume:
- A company has 100 employees.
- Turnover is only 20% per year.
- Cost of turnover is 3 months wages (very
conservative)
- Average wage is $8.00/hr. plus 20% benefits.
Existing yearly turnover cost = 100 employees
X 20% X $4,992
(Including benefits) = $99,840 per year.
The Step One Survey II can typically reduce
turnover by 20%. The yearly savings is =
$19,968. (This does not include the reduction
in employee theft and the increase in productivity)
The yearly cost of using the Step One Survey
II = $1,080 (3 Step One Surveys per hiring
event).
Return On Investment (ROI) = $19,968/$1,080
= 1,848% !!!
This is why so many organizations are using
the Step One Survey II !
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