Talent Waste Calculator

Talent Waste

Did you know that:
• 80% of employee turnover is due to bad hiring decisions
• 30% of employees leave within their first year
• The cost of an employee leaving is on average £12,000

Talent Waste is what happens when you can’t retain employees and they leave. Talent Waste exists for many reasons – poor hiring decisions, bad cultural fit, unconscious bias, insufficient onboarding processes and lack of learning and development pathways.

Find out how Talent Waste is affecting your business with our calculator. 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.

We can help you to get recruitment right first time.

We don’t need to tell you that people retention has never been more important. With the great resignation and increase in virtual working, the spotlight on diversity and inclusion, you really can’t afford to waste talent right now.

Phoenix51 is proven to deliver a 60-80% increase in retention. Book a call with our team to find out how we can help you stop Talent Waste.