A recent study by Deloitte shows that the costs of staff turnover for companies in Austria in 2019 averaged EUR 14,900 per employee and position. This includes both direct costs, such as finding and onboarding a new employee, and indirect costs, such as disrupting team dynamics and losses from interrupted projects.
According to the study, factors such as an unsatisfied working atmosphere and a lack of career opportunities contribute to staff turnover. Companies that provide a positive work environment and development opportunities for their employees tend to have a lower turnover rate.
The cost of staff turnover is particularly high when it comes to key employees. This is because executives and highly skilled employees require more time and resources to onboard, and losing them often has a greater impact on the organization. Companies should therefore pay particular attention to retaining these employees and offering them attractive working conditions.
The study also emphasizes that the cost of employee turnover is not just monetary, but can also have an impact on productivity and organizational culture. Companies should therefore take specific measures to improve the satisfaction and loyalty of their employees.
Overall, staff turnover can be a significant burden for companies in Austria. Companies should therefore regularly check the satisfaction of their employees and take specific measures to improve it.
