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.
1 It costs, on average, $16,000 to replace each employee at 40% of their annual salary, for $96,000 total. 2  Four of these employees were mid-level, with an average salary of $80,000. 3  It costs, on average, $120,000 to replace each employee at 150% of their annual salary, for $480,000 total. It costs, on average, $16,000 to replace each employee at 40% of their annual salary, for $96,000 total. 2  Four of these employees were mid-level, with an average salary of $80,000. 3  It costs, on average, $120,000 to replace each employee at 150% of their annual salary, for $480,000 total.