The True Cost of Staff Turnover

Every employee who resigns costs the average UK business £30,614 to replace, once lost productivity and hiring costs are added up. Pay reviews alone won’t fix that.

The Electric Car Scheme’s latest research shows the barrier to retention has shifted. Employees already want more visible support from employers, the real gap is whether HR makes that support easy to find.

Unlike pay, benefits are visible every month, not just once a year at review time. That makes them one of the few retention levers competitors can’t easily copy.

What You’ll Learn:

• Why pay rises have a short shelf life when it comes to retention

• Which employee groups are most at risk of leaving

• How benefits design builds loyalty pay alone can’t

• Practical steps for building a resignation-proof 2026 benefits plan

Download the whitepaper to see how a smarter benefits strategy could cut your turnover costs.