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The cost of churn is probably higher than you think.
Enter the hourly rate for the employee, his/her supervisor, your HR personal salaries, and the number of employees in your company.

Fill in four numbers and we will tell you your organization's turnover cost.

$$/hour$$/hour$$/houremployees
Employee Salary (average)Supervisor Salary (average)HR Salary (average)Number of employees
at your company
Hard Costs$/hourxhours=Cost
No changes necessary. Prefilled based on the numbers abovePrefilled based on averages, but you can customize the # of hoursCalculated for you
Separation Costs
(admin time)
Writing job description
Recruiting/placement or internal referral fee
Phone screening
(by supervisor)
Interviewing
(by supervisor)
Interviewing
(by peers)
Reference checking
Onboarding
(by HR)
Training
(by peers)
Training
(new employee)
Hiring bonus
Total Hard Costs
Soft Costs$/hourxhours=Cost
Lost productivity by peers
Lost productivity by supervisor
Lost productivity during vacancy and training new hire
Total Soft Costs
ExpensesCost
Travel expenses
Relocation expenses
Total cost of turnover for one employee$0.00
Total Company Turnover Analysis
Your total company's annual turnover cost $0.00

Calculation: turnover cost for 1 employee &times # of employees &times 25% national turnover average in 2018 (According to Work Institute)

Annual turnover due to insufficient salary and benefits $0.00

Calculation: turnover cost for 1 employee &times # of employees &times 9% of turnover due to insufficient salary and benefits

LoanSense could save you up toanually in turnover cost by creating and customizing student loan repayment benefit for you.

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