Turnover Cost Calculator
Turnover is a business expense as much as an HR issue. See what each departure really costs in recruiting, onboarding, and lost productivity, and what better retention could save you each year.
Recruiting adds advertising, agency fees, recruiter time (hours times rate), and interview time (hours per interviewer times the number of interviewers times their rate).
Onboarding adds training time (hours times trainer rate), materials, and temporary coverage or overtime.
Vacancy loss is daily compensation (salary plus benefits, divided by workdays) times vacancy days times the share of output lost. Ramp-up loss is total compensation times the ramp-up months as a share of a year, times the productivity gap during ramp-up.
Team impact is team members affected times their average salary times the months of impact as a share of a year, times the productivity impact. Separation costs are added as entered.
Annual cost is the cost per departure times departures per year, and savings apply your chosen reduction to that annual cost.
Turn The Number Into A Retention Plan
We can help you find what’s driving people out, design changes your managers can actually carry out, and track the savings over time.
This calculator provides estimates based on the numbers you enter and doesn’t replace financial, legal, or HR advice.