Cost of Employee Turnover Calculator

Open Excel before exporting.

Click 'Yes' in ActiveX dialog box.

 

Pre-separation costs
Cost
Cost of time employee spends on Internet looking for job (hours x rate)
$
Cost of time employee spends on phone speaking with recruiters (hours x rate)
$
Cost of time employee spends on phone interviews (hours x rate)
$
Cost of time employee takes off for interviewing (hours x rate)
$
Separation Costs
Cost of exit interviewer's time (prep + interview + follow up x rate)
$
Cost of exit interview employee time (hours x rate)
$
Cost of administrative functions related to termination (hours x rate)
$
Separation pay (# of weeks x salary)
$
Increase in unemployment tax (marginal rate increase + tax)
$
Vacancy Costs
Cost of additional overtime (hours x rate)
$
Cost of additional temporary help (hours x rate)
$
Wages and benefits saved due to vacancy
$
Replacement Costs
Pre-employment administrative expenses (hours x rate)
$
Cost of attracting applicants (ads, agency fees, referral bonuses)
$
Cost of interview process (# of interviews x time x rate x # of applicants)
$
Assessment costs
$
Background check
$
Drug screening
$
Staff costs to meet & confer (# of managers x hours x rate)
$
Staff travel costs
$
Travel and moving expenses
$
Sign on bonus
$
Post-employment administrative costs (payroll, benefits records, etc.)
$
Cost of post-employment medical exams
$
Training Costs
Cost of informational literature & manuals
$
Formal training costs
$
Informal training costs
$
Cost of trainer's time (hours x rate x sessions)
$
Learning curve (salary x 3 months / 2)
$
Performance Differential
Differential in performance costs/benefits
$
TOTAL TURNOVER COSTS
Total turnover costs per employee
  
ANNUALIZED TURNOVER COSTS
# of employees turned over per year