COST OF EMPLOYEE TURNOVER CALCULATOR
TOTAL COST TO COVER POSITION
POSITION 1
What is the employee’s annual salary?
What is the employee’s annual benefit cost?
How many days was the position vacant?
$
$
101,520.00
13,197.60
90
$
75,000.00
COST TO HIRE REPLACEMENT
What is the hiring manager’s annual salary?
How many total hours were spent by the hiring manager
screening resumes and interviewing candidates?
How much money was spent on advertising for the
position and other costs?
$
30
2,000.00
NEW HIRE TRAINING COST
What is the trainer or manager annual salary?
What were the total training days consumed?
$
150,000.00
10
PRODUCTIVITY LOST
How many days until the employee was 100%
productive?
Daily Cost
Total Cost to Cover Position
Cost to Hire Replacement
90
Total New Hire Training Cost
Lost Productivity
$
$
$
$
$
488
16,256
3,277
6,383
21,967.20
Total Cost of Turnover
$
48,371
OVER CALCULATOR
POSITION 2
$
$
Notes
28,200.00 1- Consider the hourly salary (plus tips if this is a tipped position), # of hour
3,666.00 2- Consider private sector employer benefit costs (https://www.bls.gov/ne
25 3- Consider the daily cost of keeping a position vacant
$
50,000.00 4- Consider HR department work 7.5 hours a day
50 5- Consider departing employee separation costs, new hire – resume screen
$
2,000.00
$
55,000.00 Please assume that the Assistant HR manager deals with the hiring of the h
14 6- Note that this is daily training not hourly!
25 7- Consider that an employee works at a certain capacity some time to reac
$
$
$
$
$
136
1,254
3,418
3,277
1,695.00
$
9,780
Data
235 Days in a year
13% federal holidays
37% weekend
annual leave
2022 https://www.calendarr.com/united-states/how
365
-10
-105
-15
235
7.5
new hire – resume screening (hours) & interviews (hours), other admin costs
s with the hiring of the housekeeping staff at the same company so the HR manager’s salary is less.
50%
endarr.com/united-states/how-many-weeks-in-a-year/#:~:text=The%20year%202022%20in%20Numbers&text=53%20Saturda
Numbers&text=53%20Saturdays,251%20working%20days

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