Calculation breakdown
Share about yourself to unlock personalized insights for reducing turnover.
Calculation breakdown
Average employee salary and benefits
Employee's average annual basic salary
Annual benefits
Number of working days a year
Salary + benefits per day
Cost to cover position
Daily cost of covering for the position
Average days to fill roles
Total cost to cover the position
Assumes other employees spend 30% of time covering for the employee who left.
Cost to hire replacement
Annual salary of HR or hiring manager
HR or hiring manager salary per hour
New hire - Resume screening (hours)
New hire - Interviews (hours)
Total hours to fill position
New hire costs - (advertising costs + recruitment fee + background checks)
Assumes 25% of the employee's salary.
Total cost to hire replacement
Cost of training new hire
Trainer or manager annual salary
Assumes 30% higher than the employee's salary.
Trainer or manager per day salary
Total training days consumed
Total new hire training cost
Assumes trainer/manager spends 20% of their time onboarding and training the new hire.
Days to productivity
Daily cost of the new hire (salary + benefits)
Days to ramp up new hire (probation)
Total loss of productivity
Assumes the new hire performs at 50% of the replaced employee during probation.
Cost of turnover per employee
Total number of employees in the company
Percentage of turnover incurred in the year
Total annual turnover cost