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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.
|Employee Salary (average)||Supervisor Salary (average)||HR Salary (average)||Number of employees |
at your company
|Hard Costs||$/hour||xhours||=Cost||No changes necessary. Prefilled based on the numbers above||Prefilled based on averages, but you can customize the # of hours||Calculated for you|
|Writing job description|
|Recruiting/placement or internal referral fee|
|Total Hard Costs|
|Lost productivity by peers|
|Lost productivity by supervisor|
|Lost productivity during vacancy and training new hire|
|Total Soft Costs|
|Total cost of turnover for one employee||$0.00|
|Your total company's annual turnover cost||$0.00|
Calculation: turnover cost for 1 employee × # of employees × 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 × # of employees × 9% of turnover due to insufficient salary and benefits