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Turnover Calculator

This document outlines the costs associated with employee turnover, including the annual base salary, benefits costs, daily costs of covering a vacant position, costs to hire and train a replacement, and losses from reduced productivity during the training period. It tracks metrics like training time and days to productivity in order to calculate total turnover costs.

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simmi2768
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319 views1 page

Turnover Calculator

This document outlines the costs associated with employee turnover, including the annual base salary, benefits costs, daily costs of covering a vacant position, costs to hire and train a replacement, and losses from reduced productivity during the training period. It tracks metrics like training time and days to productivity in order to calculate total turnover costs.

Uploaded by

simmi2768
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Employee Cost Notes

Annual Base Salary $


Benefts Cost $ Estimated at 30% of base salary
Monthly Salary + Benefts $
Daily Salary + Benefts $ Based on 235 working days
Loss of Productivity from Other
Employees Filling in for Vacant Position
Daily Cost of Covering Position $ 33% of Daily Salary + Benefts
# of Days Position Vacant
Total Cost to Cover Position $
Cost To Hire
HR or Hiring Manager Salary $
Hourly Rate $ Based on 235 working days
Resume Screening (Hours)
Interviews (Hours)
Total Hours to Fill Position
Cost to Fill Position $
Training Cost
Trainer or Manager Salary $
Daily Rate $ Based on 235 working days
Total Training Days
Total Training Cost $
Days to Productivity
Time required for the new hire
to reach 100% Productivity
Daily Employee Cost $
Days to 100% Productivity
50% Productivity Loss $
Prior to reaching 100%, assume individual
works at 50% Productivity
Total Cost of Turnover
$
Cost of Turnover Calculator
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