The Center for American Progress conducted a review of 30 academic studies that approximated the cost of replacing a worker who left the job due to firing or quitting. Their review concluded that the cost of replacing a worker averages around 10% to 30% of the worker’s annual salary.
In other words, not having to replace a worker saves a business this much per worker– with the results for individual professions listed below:
Profession | Cost of hiring a new employee |
Cashier | $2,286 – $4,313 |
Hourly store personnel | $3,372 – $4,291 |
Hotel front-office | $5,965 – $5,688 |
Loss-prevention (security) associate | $3,026 |
Line cook | $2,077 |
Administration, sales, catering | $7,658 |
Gift-shop clerk | $3,383 |
Administrative assistants or managers | $10,031 |
Registered nurses | $23,487 |
Home care aide | $3,362 |
School teacher | $4,366 – $17,872 |
Call-center employees | $21,551 |
To see the full review from the Center for American Progress, click here.