Cost of Turnover Calculator

Instructions:

In the Shaded Boxes only, enter your information using only numbers (no commas, decimal points or other characters).

CALCULATE COST OF TURNOVER		NOTES

Employee Cost
Annual Base Salary	$
Benefits Cost	$	Estimated at 30% of base salary
Monthly Salary + Benefits	$
Daily Salary + Benefits	$	Based on 235 working days

Loss of Productivity from Other Employees Filling in for Vacant Postion
Daily Cost of "Covering" Position	$	33% of Daily Salary + Benefits
# of Days Position Vacant
Total Cost to "Cover" Position	$

Cost To Hire
HR or Hiring Manager Salary	$
Hourly Rate	$	Based on 235 working days
Resume Screening (Hours)
Interviews (Hours)
Total Hours to Fill Position
Cost to Fill Position	$

Training Cost
Trainer or Manager Salary	$
Daily Rate	$	Based on 235 working days
Total Training Days
Total Training Cost	$

Days to Productivity		Time required for the new hire to reach 100% Productivity
Daily Employee Cost	$
Days to 100% Productivity
50% Productivity Loss	$	Prior to reaching 100%, assume individual works at 50% Productivity

Salary "Savings"		Amount of unpaid salary and benefits during position vacancy.
Daily Employee Cost	$
# of Days Position Vacant		Taken from under "Loss of Productivity"
Total "Savings"	$	Unpaid Salary & Benefits during Position Vacancy

Total Cost
Total Cost of Turnover	$	Total of all costs shown above minus Salary "Savings"

* Note: The Cost of Turnover Calculator does not account for the added cost of advertising job openings, recruitment services, etc.

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