Do you know how much your onboarding process is really costing your company? Are you aware of all of the minute details and costs related to bringing a new employee on to the team? You may be overlooking areas of your onboarding process and the costs associated with them. That’s why we’ve decided to create a worksheet, free to download, that allows you to get a comprehensive overview of how much money your organization is spending on onboarding. It even includes shipping and mailing costs you may have forgotten to include!
These onboarding statistics from one of our recent blogs show how costly lack of onboarding can be…
- The average cost of replacing an employee is between 16 and 20% of that employee’s salary
- The organizational costs of employee turnover are estimated to range between 100% and 300% of the replaced employee’s salary
- In the U.S. and U.K., an estimated $37 billion is spent annually to keep unproductive employees who don’t understand their job
Face the actual costs of your onboarding process with our onboarding cost calculator worksheet!