Calculate the cost of staff turnover

Calculate the cost of staff turnover.

Why does staff turnover matter?

Understanding staff turnover is a crucial metric for any organisation. It reflects the rate at which employees leave the company, impacting overall team dynamics and productivity. It's anticipated that it will take 40 days to replace an employee, and an additional 60 days for the recruit to become productive in their new role. This amounts to a total of 100 days of lost productivity, along with other recruitment, onboarding, and training expenses. High turnover can disrupt workflows, increase recruitment costs, and affect morale. Understanding the reasons behind turnover helps organisations take proactive measures.

How to calculate staff turnover?

Use our turnover rate calculator below to determine your company’s turnover rate.

Benchmark employee cost

Departing employee annual base salary *

Cost of 'covering' a vacant position

Number of days until the vacant position is filled *

Cost to fill a vacant position

HR/Hiring manager's annual salary *

Cost of advertising (online and/or print) *

Cost of resume screening *

Cost of interviews (telephone screening, 1st and 2nd) *

Cost of behavioural and skills assessments *

Cost of background checks (criminal, credit, reference, education) *

Cost of travel/moving expenses (if applicable)

Onboarding and Orientation cost

Trainer/Manager annual salary *

Total training days *

Cost of productivity ramp-up

Number of working days during first 3 months *

Number of employees lost (in the last 12 months) *

Indicates mandatory field *

General information.

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