Turnover Cost Calculator
Losing a good employee can be costly. Want to find out exactly how costly? This calculator will help you assess the impact of not finding someone who is the right fit.
Benchmark
Employee Cost
Employee Annual Base Salary (Departing Employee)
$
Calculated Annual Benefits
Calculated Monthly Salary With Benefits
Calculated Daily Salary With Benefits
Cost To Cover
Number Of Days To Fill Position
Calculated Daily Cost To Cover The Position
Calculated Total Cost To Cover While Vacant
Cost To Fill
A Vacant Position
Average Annual Salary Of HR Manager And Hiring Manager Filling Position
$
Calculated Hourly Rate For HR Manager And Hiring Manager
Cost Of Advertising Position (Online, Print, etc.)
$
Number Of Hours Spent Screening
Number Of Hours Spent Interviewing
Cost Of Performing Background Checks
$
Calculated Total Cost To Fill A Vacant Position
Cost Of Onboarding
And Orientation
Annual Salary Of Trainer / Hiring Manager
$
Calculated Daily Rate Of Trainer / Hiring Manager
Number Of Days To Train
Calculated Onboarding And Orientation Rate
Cost Of Productivity
Ramp Up
Calculated New Employee Daily Salary (Based On Departing Position)
Number Of Working Days During The First Three Months
Calculated Cost Of Productivity Ramp
Number Of Employees Lost And Replaced In The Last 12 Months
Final Calculations
Calculate
Calculated Total Turnover Cost Per Employee
Estimated Annual Cost Of Turnover