Employee turnover is more than a headache—it’s a financial drain. In 2024, turnover costs reached staggering levels across industries, particularly for companies dependent on younger talent. From recruitment expenses to lost productivity, every departure takes a toll.
The Numbers Don’t Lie
• Turnover costs up to 2x the annual salary of the employee leaving, factoring in recruitment, training, and lost productivity.*
• In manufacturing alone, $1 billion was spent on training in 2024, with turnover rates exceeding 45%.*
• 93% of companies cite “retention challenges” as a major threat to their profitability.*
Why Does It Happen?
Turnover isn’t just about compensation. The key drivers include:
1. Lack of engagement: Employees don’t feel connected to their roles or the company.
2. Slow value generation: New hires often spend months in onboarding with no meaningful contribution.
3. Limited growth opportunities: Younger employees, in particular, crave learning and impact.
A Fresh Perspective
The SuperGreen Program tackles these issues head-on by addressing both the company’s and the employee’s needs. Here’s how:
• Faster ROI: Employees deliver actionable insights within two weeks.
• Purpose-Driven Roles: Fresh hires feel empowered through structured observation and analysis activities that contribute real value.
• Retention by Engagement: By aligning roles with employee aspirations, turnover drops dramatically.
The Payoff
Imagine cutting your turnover rate by 30% and accelerating the point at which new hires deliver ROI. With SuperGreen, businesses aren’t just saving money—they’re creating a culture of growth and innovation.
Sources
• Data Sources:
1. “Turnover costs up to 2x the employee’s annual salary.”
• Source: Gallup Research on Employee Retention
2. “Manufacturing companies spent over $1 billion on training in 2024 with a 45% turnover rate.”
• Source: Training Industry Report 2024
3. “93% of companies cite retention as a threat to profitability.”
• Source: SHRM 2024 Retention Study
Call-to-Action
• Book a Discovery Call to learn how the SuperGreen Program can reduce your turnover costs.
• Join the 2025 Waitlist to transform your onboarding process and start retaining top talent today.