Is the cost of employee turnover in tax higher than other professions?

1. T H E C O S T O F
E M P L O Y E E T U R N O V E R :
P A R T 1

2. HOW MUCH DO YOU THINK
TURNOVER, IN GENERAL, COSTS
AT THE SENIOR-LEVEL?
10% of annual salary?
40%?
80%?
100%?

3. 2 1 3 %
O F A N N U A L S A L A R Y

4. D O Y O U T H I N K T H E
C O S T O F T U R N O V E R I S
H I G H E R O R L O W E R I N
T A X ?

5. Y E S . T H E C O S T O F
T U R N O V E R I N T A X
C O U L D B E I N T H E
MILLIONS A T T H E
S E N I O R - L E V E L F O R
T W O R E A S O N S .

6. When there is turnover at the
senior-level, there will likely
be a higher risk in tax
compliance and reporting,
controversy, and audit.
Reason #1

7. There will be a loss of
opportunity cost revolving
around strategic tax planning
initiatives that would have
increased shareholder value.
Reason #2

8. H o w c a n I p r e v e n t t h e e x u b e r a n t
c o s t o f t u r n o v e r ?
I s a l l t u r n o v e r b a d ?
W h a t ' s t h e d i f f e r e n c e b e t w e e n h e a l t h y a n d
u n h e a l t h y t u r n o v e r ?
W E ' L L A N S W E R T H E S E Q U E S T I O N S I N P A R T
2 O F O U R T U R N O V E R S E R I E S N E X T W E E K .
F O R M O R E I N S I G H T S I N T O H O W
T O O P T I M I Z E Y O U R O W N T A X
C A R E E R A N D T H E T A X
D E P A R T M E N T Y O U L E A D , C H E C K
O U T T A X T A L E N T . C O M .