Question: The average turnover rate was 23% percent per year. The cost to recruit and train one new employee was $56,625. To address the turnover problem, the company developed a skills training program that averaged 80 hours per year per employee. The average employee wage was $35 per hour. Instructor, classroom and other costs were $170,000.
How much would the turnover rate have to be reduced, from 23%, for the training program to show benefit?