The True Cost of Replacing an Employee

Jennifer L'Estrange
September 30, 2021

As employers manage the impact of the “Great Resignation”, losing an employee comes at a major cost to the company.

Red Clover’s founder and Managing Director, Jen L’Estrange, was featured by GoBankingRates to provide her expert insight on the true cost of replacing your employees.

Business continuity comes at a premium,” L’Estrange said. “If you’ve just lost someone in a critical business operations role, then the first priority is finding cover. For management roles, interim can be a solution, but it comes at a price — typically 20-25% more than the fully loaded cost of the person who just left.

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The Results

Tech Companies

A 70 headcount pharmaceutical technology firm needed support in company culture alignment and integrating company core values in business interactions internally and with external customers. As a leader in medical software, there was also a need to guarantee legal and regulatory compliance in every aspect of the business, especially as it scaled to serve an expanding customer base.

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