Turnover Costs What…?

$

Team

1500

11250

$

$7.25 $25.00

Leaders

1100

1500

$

$10.00 $40.00

Annual cost of Turnover

% of ANNUAL SALARY

Total Cost per Turnover

Total Annual Cost

Team

Leaders

Annual Cost Savings and Additional Revenue

Cost Savings

Expected Additional Revenue

Bottom Line Annual Impact

Expected

Typical

Aggressive

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Following attributes are shared by both
Team and Leaders

$

$10.00$50.00

$

$10.00$50.00

4.010.0

$

$ 0$ 500,000

0235

%

10%35%

%

20%45%

%

33%60%

Costs to Cover During Vacancy

Team

240

Total Costs to Cover Type:
Annual Total Costs to Cover:

Leaders

340

Total Costs to Cover Type:
Annual Total Costs to Cover :

Costs to Separate Team

Team

220

$

$250$1,000

Exit Interview Cost:
Total Separation Costs by Team Type:
Annual Total Separation Costs:

Leaders

332

$

$400$1,600

Exit Interview Cost:
Total Separation Costs by Team Type:
Annual Total Separation Costs:

Costs to Hire Replacement

Team

624

216

$

$50$1,000

Total Hiring Manager Hours to fill position:
Total Hiring Manager Cost to fill position:
Recruiting and Advertising Costs per position:
Total cost to Hire by Individual:
Annual costs to hire replacements:

Leaders

1240

432

$

$100$2,000

Total Hiring Manager Hours to fill position:
Total Hiring Manager Cost to fill position:
Recruiting and Advertising Costs per position:
Total cost to Hire by Individual:
Annual costs to hire replacements:

Costs of new hire training

Team

10100

$

$200$5,000

Trainee Attendance Cost
Mentor / Trainer Cost
Total Cost New Hire Training Cost by Team Type
Annual Total New Hire Training Costs

Leaders

40400

$

$500$25,000

Trainee Attendance Cost:
Mentor / Trainer Cost
Total Cost New Hire Training Cost by Team Type
Annual Total New Hire Training Costs

Costs of Lost Productivity

Team

2190

Daily Cost
Total Cost of Lost Productivity per Team Type
Annual Total Lost Productivity Costs

Leaders

40120

Daily Cost
Total Cost of Lost Productivity per Team Type
Annual Total Lost Productivity Costs

Annual Turnover in $ & ¢ :

% of ANNUAL SALARY Total Cost per Turnover Total Annual Cost
Team

Leaders

Cost Savings

Expected Additional Revenue

Bottom Line Annual Impact

Expected

Typical

Aggressive

User Entered Fields Team Leaders
Annual Revenue
Average staff size
Number of W2's
Average hourly salary
Average number of days position vacant
Exit interview hours
Miscellaneous separation costs
Resume screening (hours)
Interviewing (hours)
Miscellaneous onboarding costs / position
Total training hours
Other training costs
Days to 100 % productivity of
Following attributes are shared by both Team and Leaders
Mentor/Training manager hourly rate
Hiring / Termination manager hourly rate
Ave hours in working day
Annual recruiting costs
Ave working days per year
Savings - Expected
Savings - Typical
Savings - Aggressive