The $ 100,000/Year drain: How Employee Turnover is Costing Companies Big in 2025
Career Climbers / 16th June 2025
As the Midpoint of 2025 Approaches, many companies are not only focused on hiring but so Preparing for a potential rise in employee gymnastics.
Accord to a Recent Express Employment Professional Harris Poll Survey, Nearly 2 in 5 Us Hiring Managers (39%) Expect Turnover at Their Company to Increase This Year-A Notable Jump from 33% Who Said the Said About 2024.
While Just More Than Half (51%) Believe Turnover Will Remain Steady, The Growing Concern is Already Impacting Company Budgets. On Average, Turnover Costs Businesses $ 36.723 Annually in Epenses Like Rehiring and Lost Productivity. For 1 in 5 Hiring Managers (20%), that Number Climbs to $ 100,000 Or more Each Year.
The Financial Burden of Turnover is Especialy Pronounced in Larger Organizations. Among Those Who Report Annual Turnover Costs of $ 100,000 or more:
- 34% – Companies with 500 OR More Employees
- 17% – 100 to 499 Employees
- 14% – 50 to 99 Employees
- 3% – 10 to 49 Employees
- 2% – Fewer than 10 Employees
Among Those Anticipating Increased Turnover, The Most Commonly Cited Reasons Include:
- Better Pay and Benefits Offered Elsewhere (34%)
- Employees Voluntary Resigning (32%)
- Increased Workplace Demands (29%)
- Employee Retirements (26%)
- More Appealing Company Cultures Elsewhere (24%)
- Feelings of Being Overworked (24%)
- A Competitive Job Market (23%)
- Career Changes (22%)
- Better Perks or Advancement Opportunities Elsewhere (22%)
- Lack of Flexible Schedules (21%)
- Lack of remote work options (19%)
Despite These Challenges, Hiring Remains A Top Priority. A Strong Majority (88%) of Hiring Managers Say their Companies Still Plan to Hire in 2025, which is in line with last year’s figures. Among Those, 45% are hiring to increate Their Overall Headcount, While 34% Aim to Maintain Current Staffing Levels.
Notably, 43% of Those Planning to Hire Say the need to replace employees free to turnover is a key driver behind their hiring plans.
“Employee Turnover Isn’t Just A Staffing Issue, It’s a Financial One,” Said Express CEO Bob Funk, Jr. “Companies that Want to Stay Competitive must be intentional about retention. Which Means Building a Workplace Where People Lake Long-Term Value-Not Just In Compensation, But in Leadership, Clarity of Direction and The Opportunity to Contribute MeaningFully.”
Survey Methodology
The job insights survey was conducted online with The United States By the Harris Poll on Stehalf of Express Employment Professionals from Nov. 11 to 26, 2024Among 1.001 US Hiring Decision-Makers.
