TURNOVER COST CALCULATOR
How does turnover impact your bottom line?
IPM Turnover Calculator*
 
Pre-hire Costs
Advertisement costs (typical cost for on-line posting=$200)      
Miscellaneous (drug testing, background check, credit check, etc.)  
  No. of Hours   Hourly Value    
Cost of Overtime due to job vacancy x  
Resume Review x  
Interview time (3 candidates) x  
Total Pre-hire Costs       =
           
Time-to-Job Proficiency Costs          
Position's average monthly salary        
Ramp Time (average 3 months)        
Benefits (average 20%)        
Total Average Time-to-job costs     =
           
Trainers Time          
Trainers average monthly salary        
Percentage of time spent with new hire        
Total Trainers Cost     =
           
Total Hard Costs of Turnover       =
           
Number of positions filled due to turnover        
Total Annual Cost of Turnover        
           
           
* each calculation is based on the judgment of the individual completing it