Employee turnover costs businesses millions of dollars each year. However, many employers don’t accurately track this expense, which could be reduced by improving workplace conditions. To help business owners understand the cost of turnover, CLASP and the Center for Economic and Policy Research (CEPR) have released an updated turnover cost calculator. This dynamic tool allows employers to calculate turnover costs by responding to 10 simple questions.
Good jobs strengthen the economy and enable workers to meet family obligations, save for the future, and move out of poverty. However, many low-wage workers, particularly people of color, lack access to living wages, paid sick days, paid family and medical leave, stable work schedules, and other protections. Many also lack access to health insurance and affordable, high-quality child care that make it possible to attend work. Furthermore, workers struggle to plan financially and attend training programs that lead to better jobs. CLASP advocates for federal, state, and local policies that expands labor protections and improve job quality—ensuring a level playing field for low-wage workers. We also work with advocates, government officials, and policymakers to strengthen enforcement of these policies.