Your real turnover cost is way higher than wages. 75% annual turnover costs restaurants $138K yearly in replacements alone.
A restaurant with 80 hourly employees operating at 75% annual turnover replaces 60 people per year. At $2,305 per replacement, that's $138,300 in hard costs alone.
Multiply your hourly headcount by your turnover rate by $2,300 to calculate your actual annual turnover cost and present it to ownership this week.
