Cost of Turnover Calculator

It can be hard to figure out how much it costs your business every time an employee leaves. Enter the information requested below to estimate the financial cost of each employee departure.

Please note that this calculator assumes that benefits and fringes are 15% of salary.

Costs

1 Employee Costs

Annual base salary of departing employee

Annual benefits cost (Estimated at 15% of base salary)

Monthly salary + benefits

Daily Salary + Benefits (Based on 230 working days)

2 Separation Costs

Annual salary of person responsible for hiring

Hourly rate of person responsible for hiring

Time in hours to process (e.g., update files, complete exit interview)

Other separation costs (e.g., severance pay, outstanding holidays)

Total Separation Costs:

3 Hiring Costs

Annual salary of person responsible for hiring

Hourly rate of person responsible for hiring

Time in hours spent (e.g., screening resumes, conducting interviews)

Selection costs (e.g., job advertising, background check, outsourcing fees)

Total cost to fill a vacant position:

4 Training Costs

Annual salary of person responsible for training

Hourly rate of person responsible for training

Total training hours

Total onboarding and orientation cost:

5 Cost of Employee Ramp-Up Time

Daily employee cost (salary + benefits)

Number of working days before new employees are fully effective (Enter number of days)

Cost of productivity ramp up:

Totals

Separation Costs

Hiring Costs

Training Costs

Employee Ramp-Up Time

1 Employee Costs

2 Separation Costs

3 Hiring Costs

4 Training Costs

5 Cost of Employee Ramp-Up Time

Estimated turnover cost per employee: