Free Cost-of-Turnover 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)   $