HR Glossary

Turnover costs

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Turnover costs definition

Turnover cost refers to expenses both tangible or intangible associated with replacing an employee.

what-is-turnover-costs

Turnover costs definition

Turnover cost refers to expenses both tangible or intangible associated with replacing an employee.

Turnover costs include items like:

• unemployment compensation

• COBRA benefits continuation costs

• advertising

• pre-employment testing

• time and materials for new hire

• orientation and training

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