how much does it cost to replace an employee?
For example, a CAP study found average costs to replace an employee are: 1  16% of annual salary for high-turnover, low-paying jobs (earning under $30,000 a year). 2  20% of annual salary for mid-range positions (earning $30,000 to $50,000 a year). 3  Up to 213% of annual salary for highly educated executive positions.
The cost of employee turnover. Regardless of whether it’s healthy or not, employee turnover can be costly. Various sources estimate it can cost anywhere from 30 to 400% (the average being 150%) of an employee’s annual salary to replace them, depending on their level, experience, skill set, etc.