Calculate Your Turnover Costs |
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| $ |
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Separation Costs |
admin., separation pay, exit interview x 2 |
| $ |
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Advertisements |
paper, web, journals - $100,000/50 |
| $ |
|
Pre-employment Administrative |
(requisition, other paperwork) |
| $ |
|
Interviewing |
(# candidates x 1.5 hours x # interviewers) |
| $ |
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Information Gathering |
(candidate review meeting) |
| $ |
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Average Employee Referral Fee |
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| $ |
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Average Sign-on Bonus |
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| $ |
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Relocation Expenses |
$150,000 budget |
| $ |
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Tuition Reimbursement |
$100,000 budget |
| $ |
|
Organization Orientation |
$25/hr x 40 hours |
| $ |
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Unit Orientation |
$25/hr x 40 hours |
| $ |
|
Temporary Help Costs |
$50/hr x 320 hours |
| $ |
|
Screening Tests |
(Drug, Background, Physical) |
| $ |
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Overtime to Cover Absence |
$37.50 x 40 hours |
| $ |
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Lost Productivity - Cost of Employee Leaving and New Staff Member |
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| $ |
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Lost Productivity and Lowered Morale Due to Corridor Discussion Time |
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| $ |
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Cost of Additional Departures Due to First Departure |
For every five departures one more is recruited away |
| $ |
|
Revenue Lost |
|
| $ |
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Total |
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