Culture Care
Let us introduce you to your own innate energy.
Executive Energy Coaching
Let us introduce you to your own innate energy.
Let us guide you on how to expand your consciousness to integrate energy care into business.
This is the path that makes our work as leaders game-changing, world-healing, and an absolute organizational necessity.
When asked, "Do you plan to look for a new job in the next 12-months?" More than one-third (38%) of workers said "yes." That means nearly 4 in 10 employees are flight risks.
Workman iQ Survey, 2021
Let's Do Some Math.
This projected voluntary turnover has the potential to cost businesses billions.
Average Salary | Cost to Replace | Company Size | Est. to Resign | Potential Cost |
---|---|---|---|---|
$50,000 | $100,000 | 100 Employees | 40 employees | $4,000,000 |
$42,000 | $84,000 | 50 Employees | 20 Employees | $1,680,000 |
$30,000 | $60,000 | 25 Employees | 8 Employees | $480,000 |
What we considered in these calculations:
- It is estimated that an American household spends an average of $61,334 per year on their expenses (Source).
- The Society for Human Resource Management (SHRM) reported that on average it costs a company 6 to 9 months of an employee’s salary to replace them.
- For an employee making $60,000 per year, that comes out to $30,000 – $45,000 in recruiting and training costs.
However, this cost only takes into consideration the investment to replace the employee and not the overall losses occurred by the company for having to adapt resources in order to function with the vacancy as well as commit resources to the recruitment process. Research suggests that overall costs range anywhere from 90%-200% of an employee’s salary.
Therefore, for an employee making $60,000 per year, costs an average of $30,000 – $45,000 just to replace that employee and roughly $54,000 – $120,000 in overall losses to the company (Source).