This report details the high financial and cultural costs of employee turnover, which SHRM estimates at six to nine months of an employee’s salary. Gallup data links disengagement to 37% higher absenteeism and 18% lower productivity, with turnover averaging 34% of a disengaged employee’s pay. Poor culture, lack of career development, and weak feedback systems drive attrition—47% of turnover stems from unhealthy workplace cultures. Seramount emphasizes engagement, listening, and clear career pathways as key strategies to boost retention, lower costs, and improve employee satisfaction.
