Talent Waste is what happens when you can’t retain employees and they leave.
Enter the number of hires you make each year, and then move the slider to see how your retention rate affects your annual rehire cost.
Did you know that:
80% of employee turnover is due to bad hiring decisions <Harvard Business Review>
30% of employees leave within their first year <Office for National Statistics>
The cost of an employee leaving is on average £12,000 <CIPD>
Find out how Talent Waste is affecting your business with our free, interactive calculator.
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Enter the number of hires you make each year, and then move the slider to see how your retention rate affects your annual rehire cost.
Complete the short form below, and our team will be in touch to discuss how you can reduce Talent Waste in your business.
Phoenix51 is a talent assessment platform for organisations to make data-driven decisions in the employee lifecycle, from hiring through to benchmarking and development. Built by recruitment experts, Phoenix51 is proven to increase staff retention, improve diversity and inclusion and make significant gains in time and efficiency. With the average costs of re-hiring estimated to be £12,000 per employee, Phoenix51 offers instant and measurable return-on-investment.