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.
Many low-wage workers have volatile job schedules. This includes little advance notice, fluctuating hours, constant shift changes, and lack of input into their schedules. These employer practices make it highly difficult for workers to secure child care, attend job training, and maintain a stable income. That’s why CLASP advocates for federal, state, and local protections that require businesses to comply with fair job scheduling standards. This brings crucial stability to low-wage workers’ lives and supports their ability to advance economically.