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    Turnover Calculator

    Uploaded by

    simmi2768
    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.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    Turnover Calculator

    Uploaded by

    simmi2768
    72 views1 page
    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.

    Original Description:

    Calculate termination pay

    Copyright

    © Attribution Non-Commercial (BY-NC)

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    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.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    72 views1 page

    Turnover Calculator

    Uploaded by

    simmi2768
    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.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    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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