Turnover can cost a business up to 50%-60% of an employee’s yearly salary (SHRM). In fact, $11 billion is lost annually due to turnover (Business.com 2015). If you lose 10 employees and their average salary is $50,000, your business loss due to turnover can average $250,000! That is a huge amount that could be added to your gross margin at the end of the year. What would you do with an extra $250,000? Would you expand, add more people, increase salaries or add products? What would that do for your business and your business goals? The options are endless. Minimizing turnover lowers cost, increases employee engagement, increases productivity, increases client satisfaction, and minimizes risk, which increases profit.