Estimating Your Cost Of Turnover
Please enter your appropriate figures in the boxes shaded in green. These fields have been pre-populated with conservative sample numbers, but you may change them to more accurately reflect your environment.
Average Number of Employees at Company/Facility
Total Number of Employees Leaving in the Past 12 Months
Avg Hourly Pay Rate of Individual Who is Leaving/replacexment:
Avg Co-worker Overtime Rate:
Avg Hourly Pay Rate of Supervisor/Manager:
Avg Hourly Rate of HR Personnel Involved in Hiring replacexment:
Estimated Benefits Percentage:
Average length of Vacancy in Work Days:
Hours in a Standard Work Day (not including overtime)
Average Number of Work Weeks Until New Hire is 100 Productive:
Summary of Key Turnover Costs:
Your Turnover Rate:
Your Estimated Per Employee Turnover Cost:
Your Estimated Annual Turnover Cost:
Detail of Turnover Cost Calculations:
Departing Employee Costs	Hours Worked	Lost Efficiency	Subtotals
Estimated lost efficiency/productivity of employee who is leaving during last period worked
Estimated SAVINGS by not paying employee during vacancy period
Manager Costs	Hours Spent
Manager/supervisor time spent per day managing transition (assigning and supervising turnover of responsibilities) during vacancy
Coworker Costs	Overtime Hours
Overtime hours per day for coworkers to cover workload during vacancy period
Overtime hours per day for coworkers to pick up workload until new hire reaches full productivity
HR Costs	Hours Worked	Other Costs
Conducting exit interview
Placing and monitoring advertising for new employee
Advertising Cost
Reviewing resumes/applications
Scheduling Interviews
Conducting screening interviews and review with hiring manager
New hire paperwork and company orientation
Manager Costs	Hours Worked
Supervisor/Management interviews, evaluation, selection and negotiating final offer
Orienting and training new hire
Newly Hired Employee Costs	Hours Worked	Lost Efficiency
New Hire Job training
Lost productivity of new hire until fully productive
Estimated Per Employee Turnover Cost
Every situation is different. If you lose sales or customer service employees you may lose revenue and/or customers. For assistance in tuning this calculator to meet your unique needs, call Opinions Incorporated at 800-349-5028.