Employee engagement surveys are great at helping you find the cracks in your company. They help you measure a number of things, but some of those items cost you more money than others. Take your managers. According to DecisionWise research, employees with a negative perception of their manager leave the company at a rate of 56% more than usual. With the high costs of turnover, bad managers can cost your company thousands or even millions of dollars! Care to find out how much turnover is costing your organization? Try our calculator.

Calculator

The 2019 median wage in the United States is $47,060.

The Center for American Progress reports 20% is typical for most employees. Replacing senior executives can be as high 50-200% of their salaries.

The average turnover rate across industries is 26.3% (Bureau of Labor Statistics), although this number can vary across industries and job functions.

Turnover Rate of Employees with Bad Managers (56% higher than your typical rate)

41%

Annual Turnover Count (with Typical Rate)

263

Annual Turnover Count of Employees with Bad Managers

410

Typical Annual Turnover Costs

$2,475,356

Annual Turnover Costs When You Have Bad Managers

$3,858,920

The Cost of Bad Managers (Typical Turnover Costs minus "Bad Manager" Turnover Costs)

$1,383,564

Now What?

So what can you do? Our research shows that managers influence employee engagement for the better when they improve certain behaviors. Tools like 360 degree feedback help leaders know where they stand with those around them so that they can then strategically pick which strengths to magnify and which behaviors to strengthen. So are you ready to invest in your managers, increase employee retention, and decrease your employee turnover costs?

DecisionWise Employee Engagement Survey

Measure the most important factors that drive employee engagement and performance.

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