One of the most damaging struggles any business faces is turnover. Losing talent is costly, inefficient, and time consuming. It’s also avoidable if you’re committed to implementing a win-win company culture.
Calculated based on controlled national averages for salary by position, turnover rate, onboarding costs, and production inefficiency at every level of your business, Bill Higgs’ Culture Cost Calculator allows HR executives to discover the profound savings waiting for them with a more efficient company culture. Seeing the quantitative impact Culture Code Champion best practices can have on your bottom line should make improving company culture an urgent priority for any HR leader, so don’t delay!
The Culture Cost Calculator is simple! All you have to do is input the number of employees at every level of your business, from top leadership down to entry level.
From there, the calculator assigns average salaries, turnover rates, production inefficiency, and costs to hire new talent for every position to reveal the inefficiency lurking in your cultural practices, and exactly how much it’s costing you.
The calculator also shows you how much you can save by making cultural adjustments and building a more efficient culture when it comes to hiring and retaining talent. Depending upon your starting point, savings to your bottom line can be as deep as 50%. Exciting, right?
Let’s see how we can help your business!