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Size of the U.S. Labor Force: ~161,700,000+ people
Total U.S. businesses with employees: ~6,018,000+
U.S. Quits Rate, June 2018: ~3,402,000 people who quit their jobs that month
U.S. unemployment rate: 3.9%
Average cost to hire: $4,000 per person, up to $260,000+ per person, or 5.8% up to 213% of a person’s salary
Average cost of turnover: $206,007 per person
That’s roughly $2,500,000,000,000 it costs U.S. businesses each year on hiring and employee turnover alone.
— Data from Bersin by Deloitte, U.S. Bureau of Labor Statistics, SHRM, Rhode Island Department of Labor and Training, Center for American Progress