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The Cost of Turnover Calculator


A worksheet for use in calculating the real cost of turnover. It includes direct costs, such as the cost of background checks, as well as indirect costs, such as lost productivity. The chart below can be used to show the "Green Money" or the actual costs of turnover, and the "Blue Money" or the softer costs of turnover.

IMPORTANT: You must have your browser's JavaScript enabled to use this calculator. Enter numeric values only; no commas.

NOTICE PERIOD
Green Money Costs
1) Last paycheck, accrued vacation, separation pay
2) Increased unemployment tax
3) Continued benefits
Blue Money Costs
1) Administrative costs for processing the separation: process benefits;
contact unemployment office, payroll, IS departments; schedule exit interview; etc.
2) Lower productivity: employee, peers, supervisor, subordinates
3) Exit interview, transition meetings
VACANCY PERIOD
Green Money Costs
1) Advertising and recruiter fees
2) Interview expenses (meals, mileage, or other)
3) Printing costs for company marketing materials
4) Assessments
5) Criminal checks, reference checks, credit checks, etc.
6) Medical exams and drug tests
7) Temporary/contract employee costs
8) Overtime costs
9) Relocation expenses and salary
Blue Money Costs
1) Lost productivity: peers, supervisor, subordinates
2) Advertising creation and placement
3) Recruiter selection
4) Administrative costs: ordering forms and copies of reports, scheduling and scoring assessments, coordinating with hiring manager and others, etc.
5) Resume screening
6) Interviews: first, second, third
HIRING/ORIENTATION PERIOD
Green Money Costs
1) Orientation materials (handbook, video, handouts, etc.)
2) Formal training programs (materials, course fees)
3) Informal one-on-one training (materials, if any)
Blue Money Costs
1) Orientation participants' salaries
2) Lost productivity: peers, supervisor, subordinates
3) Administrative costs: orientation setup, ordering materials, etc.
4) Informal training and one-on-ones
HIDDEN COSTS
1) Missed deadlines and shipments
2) Loss of organization knowledge
3) Lower morale due to overwork
4) Learning curve
5) Client issues due to turnover
6) Loss of client relationships
7) Disrupted department operations
8) Chain reaction turnover
GRAND TOTAL REPLACEMENT COST

 

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