Calculation
breakdown
Employee's average annual basic salary
Annual benefits
Number of working days a year
Salary + benefits per day
Daily cost of covering for the position
Average days to fill roles
Total Cost to cover the position
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)
Cost to Hire Replacement
Trainer or Manager annual salary
Trainer or Manager per day salary
Total Training Days Consumed
Total New Hire Training Cost
Daily cost of the new hire (Salary + benefits)
Days to ramp up new hire (Probation)
Total loss of productivity
Cost of turnover per employee
Total number of employees in the company
Percentage of turnover incurred in the year
Total turnover cost
Saving from attrition risk reduction from coaching
# of employees (total)
# of coached employees
# of employees managed by coachees
Base employee % for attrition risk reduction
Annual saving from attrition risk reduction from coaching