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Step One Survey And 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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