Free Turnover Cost Calculator
SEPARATING COSTS        (no commas)   - Exit Interview   $     - Continuation of Benefits/Severance   $     - Unemployment Insurance Premiums   $     - Administrative Functions Related to Termination   $       SUBTOTAL: (click in text field)   $    VACANCY COSTS   - Additional Overtime   $     - Additional Temporary Help   $     - Current Employees Filling In   $     Subtract Wages/Benefits Saved During Vacancy   $       SUBTOTAL: (click in text field)   $    LOST VALUE/PRODUCTIVITY COSTS   - 50-100% of Compensation/Benefits Per Week of Vacancy   $     - Training Costs Invested   $     - Impact of Loss on Departmental Productivity (Estimate)   $     (50% of annual salary for one year of service, increasing this figure for each year employed by 10%)   $     - Customers Lost to Departing Employee   $     - Reduced Productivity of New Hire   $           - 80% of new hire's salary during first month   $           - 60% of new hire's salary during second month   $           - 40% of new hire's salary during third month   $           - 20% of new hire's salary during fourth month   $     - Lost Co-Worker Productivity Due to Time Spent Bringing New Hire Up to Speed (Estimate)   $     - Cost of New Employee Mistakes (Estimate)   $     - Impact on Critical Project (Estimate)   $     - Lost Sales During Vacancy Period (Estimate)   $       SUBTOTAL: (click in text field)   $    REPLACEMENT COSTS   - Advertising   $     - Recruiting Prep/Interviewing/Reference Checking(100-200 hours time involving hiring team)   $     - Administrative Assistant Processing Time (30+ hours)   $     - Drug Screen/Medical Exams   $     - Educational/Criminal Background Check   $     - Pre-employment Testing   $     - Travel/Moving Expenses   $     - New Hire On-Boarding(Putting on payroll, arranging for security cards, establishing credit card accounts, equipment leasing, etc.)   $       SUBTOTAL: (click in text field)   $    TRAINING COSTS   - Orientation (time/materials)   $     - Departmental Training   $     - Supervisor Time Spent Coaching New Hire (Estimated at 7 hours/week for at least 8 weeks)   $       SUBTOTAL: (click in text field)   $       TOTAL COSTS (click in text field)   $