TURNOVER CALCULATOR

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Instructions: Fill in boxes in rows A and B, click on Calculate button to fill in box in row C, etc.

Note: Do NOT use commas as separators in numbers.

The Cost of Turnover

           
A.
Number of employees
 
 
B.
Average annual salary (including        
benefits) of employees
$
 
 
C.
Total annual payroll (including        
  benefits) of employee population        
= (A x B)
$
 
 
D.
Number of employees voluntarily        
leaving the company annually
 
 
E.
Annual turnover rate = (D ÷ A)
%
 
 
F.
Cost to replace an employee as a        
percentage of salary *
%
 
 
G.
Bottom line annual impact of        
voluntary turnover = (F x D x B)
$
 
 
H.
Cost per day of voluntary turnover        
= (G ÷ 250)
$
 

* If you're not sure, please be advised that CSI's research estimates the cost at anywhere from 50% to 200% of the employee's salary, including lost productivity, on-the-job training, executive search services, etc. Try a few different percentages to observe the impact on your bottom line results.

The ROI of Investing in Reducing T
urnover

           
I.
Retention goal: targeted reduction in        
employee turnover rate
%
 
 
 
J.
Turnover rate if retention goal is        
achieved = [E x (1 - I)]
%
 
 
 
K.
Annual dollar savings in turnover        
  cost if retention goal is achieved        
= (I x G)
$
 
 
 
 
L.
Annual dollars invested to achieve        
retention goal
$
 
 
 
 
M.
ROI of investing in reducing        
  turnover = [(K ÷ L) X 100]
%
 
 

© 2013 Career Systems International