Carpenter Morse Group Inc.
Orange County Employees Retirement System
Abacus Retirement Solutions, LLC
Wespath Benefits and Investments
Nicholas Pension Consultants
Tycor Benefit Administrators, Inc.
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|Recalibrating Turnover Cost Calculators: Turnover Can Produce Savings in Employee Benefit Programs|
June 9, 2005
"Turnover can produce substantial savings in employee benefit programs, particularly when younger workers replace older workers. Generally, total benefit costs for older workers are 20 percent higher than for younger workers, according to Jamie Hale, senior consultant at Watson Wyatt. Most of the higher costs come from health care premiums, which are age-related."
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