WECA Employee Turnover Calculator Option 3

WECA's Employee Turnover Cost Calculator

Understanding the cost of employee turnover is helpful to employers for long-term financial stability. It can also help in identifying strategies that may support employee recruitment and retention. A recent Gallup Poll found the top 3 reasons for employees taking a new job:

  • 59% greater work life balance
  • 54% better pay and benefits
  • 54% greater stability and job security

Employers can help reduce the stress of balancing work and family, which in turn can help reduce the cost of employee turnover for companies.

Did You Know?

  • 47,645 Wisconsin children live in families where someone had to quit a job, not take a job, or greatly change a job (e.g., reduce work hours) because of child care problems for children under age 6.

Source: 2022 National Survey of Children’s Health, U.S. Maternal and Child Health Bureau.


  • Provide financial support and tax-advantaged options such as child care vouchers, stipends, Flexible Spending Accounts (FSAs), or Dependent Care Assistance Plans (DCAPs, up to $7,500 in 2026) to help reduce employees’ out-of-pocket costs. Employers may qualify for a federal tax credit.
  • Partner with licensed child care providers to secure employee slots, negotiate discounted rates, arrange back-up or emergency care, or provide subsidized onsite options. Employers may qualify for a federal tax credit. 
  • Assess employee needs through data-driven surveying by partnering with the Center for Policy Research and Engagement at WECA to better understand workforce child care challenges. 
  • Join a Wisconsin business-led coalition on child care advancing strategic investment and policy action to strengthen child care, support families, help Wisconsin businesses attract and retain talent, and promote long-term economic growth.
  • To learn more, contact Julie Stoffel, WECA Director of Business and Economic Engagement, at jstoffel@wisconsinearlychildhood.org.

Strategies for Employers