# How Much Does Employee Turnover Really Cost?  ## Metadata - Author: [[Jack Altman]] - Full Title: How Much Does Employee Turnover Really Cost? - Category: #articles - Source: medium - Last Highlighted: 2024-10-30 10:08:51.511122+00:00 - URL: https://medium.com/p/d61df5eed151 ## Highlights - Multiple studies show that while under-compensation can definitely contribute to employee churn, over-compensation won’t make up for a bad workplace. Your well paid but unhappy employees will simply leave you and make their money somewhere else. - The craving for growth is especially visible for the younger generation that is coming to dominate the workforce. Younger workers are more easily able to prioritize things like personal growth and career opportunity over income and job security. - Impact applies at two levels; the impact your company is having on the world, and the impact an individual is having on your company. - People want to know that what their company is working on matters. - You need to build a culture where people respect and appreciate each other. - And, of course, employees will feel happier on a day to day basis knowing they are surrounded by people who don’t just want something out of them, but want something for them.