Calculate the cost of employee turnover

The cost of turnover is difficult to quantify. Direct costs, such as recruiting fees, are easy to calculate, but they're only the tip of the iceberg. Many other indirect costs lurk below the surface, and others, such as decreased morale, are impossible to measure. For more information, take a look at our infographic: How much does employee turnover really cost? 

The following worksheet helps to estimate the cost of turnover for one employee. Once you have filled out information below, and we will send you a report detailing your costs. We also offer a free consultation to discuss turnover-reduction strategies. For more information, please contact us.

What is the replacement's total compensation?
How much do you typically spend on job advertisements, recruiting agency fees, internal referral fees, travel, and other similar expenses?
How many hours do employees spend creating a job description, collecting resumes, screening candidates, interviewing, and checking references?
How many hours do employees spend onboarding and training new employees?
What is the average salary of the employees who are conducting the replacement and onboarding/training activities outlined above?
How many weeks is the employee's job vacant?
Please estimate his/her productivity as a percentage.