The cost to replace an employee who leaves is approximately:
A) $1,000
B) three months of pay
C) 1.5 times their annual salary
D) $150 in recruitment costs

Question

Quizplus · Accepted Answer

The cost to replace an employee who leaves is estimated to be 1.5 times their annual salary. This includes recruiting costs, hiring costs (interviewing, onboarding), training costs, and productivity loss of the vacant position. Option A, B, and D are not accurate estimates for the cost of employee turnover.

The Cost to Replace an Employee Who Leaves Is Approximately