No Image Available

Garry Platt

EEF

Senior Consultant

Read more from Garry Platt

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1705321608055-0’); });

Turnover Costs Summary

default-16x9

I am currently reading Patricia & Jack Philips book 'ROI in Action Casebook'. It’s a very interesting and useful tome because the consistent challenge people face when undertaking ROI of training is identifying suitable metrics against which a £ can be aligned. One area is labour turnover. In the Philips’ book they quote some very interesting meta data they pulled together of turn over costs per individual against job type or category. Let me quote the table: Type/Category Turnover cost ranges as a Percentage of Annual Wage/Salary Entry LevelHourly None Skilled (e.g. Fast food Workers) 30-50% Service/Production Workers – Hourly (e.g. Courier) 40-70% Skilled Hourly (e.g. Machinists) 75-100% Clerical/Administrative (e.g. Scheduler) 50-80% Professional (e.g. Representative, Nurse, Accountant) 75-125% Technical (e.g. Computer Technician) 100-150% Engineers (e.g. Chemical Engineer) 200-300% Specialist (e.g. Computer Software Designer) 200-400% Supervisor/Team Leaders (e.g. Section Supervisor) 100-150% Middle Managers (e.g. Department Managers) 125-200% This is incredibly valuable data as one recurring metric which Training and Development can be seen to consistently impact on is labour turnover.

No Image Available
Garry Platt

Senior Consultant

Read more from Garry Platt
Newsletter

Get the latest from TrainingZone.

Elevate your L&D expertise by subscribing to TrainingZone’s newsletter! Get curated insights, premium reports, and event updates from industry leaders.

Thank you!