Talent Retention Roi Calculator

Talent Retention ROI Calculator: Quantify Your Retention Strategies

Welcome to AngelGains's Talent Retention ROI Calculator! This tool helps HR managers, executives, and talent management professionals quantify the financial impact of employee retention strategies. By analyzing key metrics and costs associated with turnover, we provide insights into the potential ROI of your retention initiatives.

Our calculator considers the following inputs:

• Number of Employees: Total workforce size.
• Average Annual Salary: The average yearly compensation per employee.
• Current Annual Turnover Rate: Your existing employee turnover percentage.
• Target Annual Turnover Rate: Your desired employee turnover percentage.
• Cost per Hire: The average cost to recruit and onboard a new employee, as a percentage of annual salary.
• Time to Full Productivity: Average months for a new hire to reach full productivity.
• Annual Investment in Retention Programs: Your yearly spend on retention initiatives.
• Industry: Your company's primary sector of operation.

After inputting this information, click "Calculate Retention ROI" to see the projected savings, ROI, and other key metrics related to your retention efforts.

Remember that employee retention has both quantitative and qualitative benefits. While this calculator focuses on financial impacts, improved retention often leads to better company culture, higher employee engagement, and improved customer satisfaction.