Tool to Use: How Much Does New-Hire Voluntary Attrition Cost Your Organization?
This tool allows organizations to calculate the cost of new-hire attrition.
- Alberto Minsero
- Talent Acquisition
Tool to Use: How Much Does New-Hire Voluntary Attrition Cost Your Organization?
This tool, based on Brandon Hall Group’s hiring practices and onboarding research, allows organizations to calculate the cost of new-hire attrition. The exercise may require some searching for internal data, but can be useful in making the case for improving recruiting, onboarding and assimilation practices that can reduce new-hire attrition. The tool also includes a worksheet to jot down strategies for reducing attrition.
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