Turnover Calculator

Instructions:

1. In the shaded boxes ONLY, enter your information using only numbers (no commas, decimal points or other characters).

2. Click “Calculate” to determine the cost of employee replacement.

Click here to see sample calculation.

CALCULATE EMPLOYEE REPLACEMENT COST

Turnover Calculator 1.97

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EMPLOYEE COST

Annual Base Salary $


Benefits Cost $

Estimated at 30% of base salary

Monthly Salary + Benefits $

Daily Salary + Benefits $

Based on 235 working days

LOSS OF PRODUCTIVITY (Other Employees Filling in for Vacant Position)

Daily Cost of “Covering” Position $

33% of Daily Salary + Benefits


# 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 $

Until 100%, works at 50%

TOTAL COST

Total Cost of Turnover $


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Contact Canada Human Resources Centre and let us guide you to better results today.
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