Cost of Employee Turnover Calculator 💸
See how much you can save by reducing employee turnover with meaningful recognition.
Discover the True Cost of Employee Turnover
Employee turnover is more than just a team disruption—it's a significant business cost. The HeyTaco Cost of Turnover Calculator helps you understand the financial impact of employee turnover and how peer-to-peer recognition can reduce these costs.
Why Use the Cost of Turnover Calculator?
- 🔹 Understand the Real Cost of Turnover – Learn how to calculate the cost of employee turnover by factoring in recruiting, onboarding, and productivity loss.
- 🔹 Make Data-Driven Decisions – Use industry-backed estimates to determine how reducing turnover can generate cost savings for your business.
- 🔹 Secure Leadership Buy-In – Show leadership the direct impact of reducing turnover and investing in a culture of recognition.
Key Assumptions & Industry Benchmarks
The HeyTaco Cost of Employee Turnover Calculator is grounded in HR research and industry data, including:
- ✔️ Employee Turnover Rate – Based on SHRM data, the calculator assumes that 19% of employees leave within their first year.
- ✔️ Cost of Employee Replacement – SHRM reports that replacing an employee costs 30% to 50% of their annual salary, including recruiting, onboarding, and lost productivity.
How to Calculate the Cost of Employee Turnover
Just enter a few simple details about your company—like team size, average salary, and turnover rate—and the calculator will estimate:
- ✔️ Potential savings from reducing turnover
- ✔️ Cost reductions linked to improving employee retention
- ✔️ The total estimated cost of turnover and how HeyTaco can help minimize it
What customers are saying
It's simple, but meaningful—being able to give a taco with a quick message of thanks or recognition helps build a stronger, more positive culture without feeling forced.
DeAnna R., QA Manager
It's been a fantastic tool for boosting team morale and encouraging recognition across the organization.
Rebecca S., Quality Operations Lead, QA Wolf
It's low-effort, high-impact culture-building — and honestly, our Slack would feel weirdly empty without it.
Abhinav P., Solutions Engineering
It's brought us closer together as a team, and that's priceless. It also brings more awareness to what everyone's doing, which is another big plus!
Steven B., QA Automation Engineer
HeyTaco is a more grassroots way (compared to shout-outs from team leaders) to get everyone's contributions recognized, especially the little things like helping respond to an incident late at night, or giving really insightful replies or a teammate's questions.
Kalinda P., Software Developer
It's a fun, unusual, and memorable way for people at our company to appreciate one another. And providing this has built a culture of gratitude at our company.
Rakesh A., Founder & CEO
I love how HeyTaco encourages peer-to-peer recognition in a lighthearted and engaging way. It has strengthened our team culture and helped everyone feel appreciated.
Daniel Alberto J., Fraud Analyst
It is a quick and easy way to show recognition and celebrate teammates. Initially, I thought it might be cheesy, but when you are able to acknowledge more wins throughout the organization, they quickly become meaningful.
Elaina C., Compliance Manager
It's simple, fast, and creates an instant boost in morale. People love getting acknowledged publicly, and the taco format makes it feel fun rather than forced. It's especially great in remote teams where spontaneous praise is harder to give. It also encourages a culture of gratitude.
Samantha G., Proposal Manager
This has been a great tool at our office to share kudos on a daily basis. It's thoughtful, and with only five a day, it makes you focus on what's best. Very easy to implement in Slack as well.
Tom S., Growth Architect
When our company first started using this, I thought it was a stupid idea. Then I got my first taco for something and was amazed at how happy I was to get it. It's become a fun way to give my coworkers some appreciation, and I really like the stickers.
Casey P., Senior Analyst
I appreciate how easy it is to share appreciation with teammates on Slack. It's as simple as sending an emoji, but it adds a thoughtful, personal touch to recognize someone's effort. This simplicity encourages frequent, genuine expressions of gratitude, which have positively impacted team morale.
Nick Z., Email Marketing Manager
I love HeyTaco because it fosters a sense of community, encouragement, and empathy among workplace teams.
Jen M., Director of Business Development
The idea, the execution, and the way it brings people together! A little bit of appreciation goes a long way, and HeyTaco helps with spreading love!
Ansh P., Customer Support Specialist
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