Calculate cost of employee turnover

Welcome to Retensa’s Employee Turnover Cost Calculator.

A complete cost of employee turnover calculation takes over 100 variables and days to collect the data. We know, because we built the world’s most comprehensive Turnover Calculator (and it took 18 months to do it). Then we had an idea.

“How accurate could we get with just 8 variables?” Because anyone can collect 8 variables, right? And everyone wants to know their cost of employee turnover. So that’s what you have here.

Asked below, are the most significant parts of the giant algorithm. Now, you have a very good turnover calculator in very few steps. If you want the most accurate cost to the dollar (or euro, yen, rupee or pound) give us a call.

For now, look below each question to see a tip on how to answer. After answering the Required Questions, you have the option of answering a few more items to increase accuracy. Click the [Calculate] button on the right to see your results.

OJT Time
revenue_per_manager
revenue_per_manager_b
If 'no response' is given
Manager_avg_rate
Required Questions
1. For what title, department, or location do you want to calculate? (or All)
You can also tailor to a specific position (like accountants, nurses, drivers, or engineers)
2. What is the average hourly pay for these employees?*
3. How many people voluntarily resigned or retired in the last 12 months?*
4. What is the average hourly pay for newly hired employees?*
5. Please specify your industry (We'll use it to estimate revenue per employee):*
If you don't see your industry, or have an exact amount, choose "No Response" and fill in total revenue.
Estimated Revenue per Employee*
6. What was your organization's total revenue in the last 12 months?
7. How many total employees work in your organization?*
Better to use Full Time Equivalent, instead of head count if possible.
Estimated Revenue per Employee*
8. How many weeks does it take for a new hire to reach a full level of productivity?*
Combine orientation, on-boarding, all training days, and time to be good at the job.
Optional Questions
Auto-populated with averages for your convenience.
A. On average, how many weeks does it take to fill a vacant position?
Estimate from the last day of previous employee, through job posting, resume screening, interviews, and offer to actual new hire start.
B. How many weeks do exiting employees spend transitioning out?
How much notice do they give when they resign?
C. On average, how many applicants do you interview per open position?
Only count the applicants who actually show up for interviews!
D. How many total days are spent onboarding & orientating these employees?
This just refers to the initial direct training period. It should be less than Q6 above.
E1. Does your organization use external recruiters to fill positions?
- No
- Yes
Did you use a headhunter, or staffing agency for any positions?
E2. What percentage of employees would you say came through recruiters?
Estimate what proportion of new hires came from a staffing agency or headhunter.
F. On average, what is HR team hourly compensation?
We usually refer to HR generalist position (or similar), used to estimate the replacement cost burden on HR.
Direct Cost of Turnover
Direct Cost of Turnover (no external recruiter)
Direct Cost of Turnover (with external recruiter)
Separation Costs
Total Replacement Costs
Total Replacement Costs
Total Training Costs
Hidden Cost of Turnover
Hidden Cost of Turnover
b. Hidden Cost of Turnover
'Has learning curve loss b' and 'Pre-turnover Loss of Productivity_b' - No Response
Pre-turnover Loss of Productivity
b. Pre-turnover Loss of Productivity
Learning Curve Loss
b. Learning Curve Loss
Loss of Productivity During Training
b. Loss of Productivity During Training
Your Turnover Rate
Standard Turnover Rate
Standard Turnover Rate
Total 1
Total 1b
Total 2
Total 2b
If submitting for review:
Name*
First Last
Company*
Email*
Name
This field is for validation purposes and should be left unchanged.

Do you have questions about your employee turnover calculation? Is the Total Turnover Cost too high? Are you ready to take action to retain your employees and reduce turnover? Call or email to speak to a retention expert.

Total Cost	$0

Your Turnover Rate 0%

Your Turnover Rate	0%
Industry Avg. Turnover Rate	0%

Direct Cost $0

Separation Costs	$0
Total Replacement Costs	$0
Total Training Costs	$0
Total	$0

Indirect Cost $0

Pre-Turnover Loss of Productivity	$0
Learning Curve Loss	$0
Loss of Productivity During Training	$0
Total	$0

+1 (212) 545-1280

Resources

Welcome to Retensa’s Employee Turnover Cost Calculator.

Required Questions

Optional Questions

Direct Cost of Turnover

Hidden Cost of Turnover

Standard Turnover Rate

If submitting for review:

Your Turnover Rate 0%

Direct Cost $0

Indirect Cost $0

To talk to a retention expert, call us at (212) 545-1280 or email us

A confirmation will be sent to the email address provided.

Within 2 business days, an invitation will be sent to the same email address.