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Cost of Turnover Calculator

Instructions:

  1. In the Shaded Boxes only, enter your information using only numbers (no commas, decimal points or other characters).
  2. Click "Calculate" to compute the Cost of Turnover.

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 Position    
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
 
Total Cost    
Total Cost of Turnover  $  
 
 

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

Read more about how Caliper can help you with Hiring or Contact Us now for more information.