Cost of Turnover Calculator
Cost of Turnover EXCLUDING Training Expense & Lost Production
| Administrative Cost (termination)
|
| Hour(s) required to process paperwork |
1 |
| Hourly rate (wages, benefits & taxes) |
$30 |
| Total Administrative Cost (termination)
|
$30
|
| Advertising Cost
|
| Time to write advertisement |
1 |
| Hourly rate of Mngr (wages, benefits & taxes) |
$60 |
| Number of times advertisement runs |
4 |
| Average cost of each advertisement |
$400 |
| Total Advertising Cost
|
$1,660
|
| Screening & Selection Cost
|
| Hour(s) to Read Applications |
3 |
| Hour(s) to Interview Candidates |
8 |
| Background Check |
1 |
| Offer & Negotiation |
1 |
| Hourly rate of Mngr (wages, benefits & taxes) |
$60 |
| Total Screening & Selection Cost
|
$780
|
| Orientation & Hiring Cost
|
| Hour(s) required to process paperwork |
1 |
| Hourly rate (wages, benefits & taxes) |
$30 |
| Hour(s) required to orient new employee |
8 |
| Hourly rate of new employee (wages, benefits & taxes) |
$30 |
| Hourly rate of Mngr (wages, benefits & taxes) |
$60 |
| Total Orientation & Hiring Cost
|
$750
|
| Cost of Turnover EXCLUDING Training Expense & Lost Production
|
$3,220
|
