Employee turnover costs money. Just how much money are we talking about?

Check out these statistics:

Some studies predict that every time a company replaces a salaried employee, it costs 6 to 9 months’ salary on average.

For a manager making $40,000 a year, that’s $20,000 to $30,000 in
recruiting and training expenses.

But others predict the cost is even more and that losing a salaried employee can cost as much as 2x their annual salary, especially for a high earner or executive-level employee.