TalentKeepers Cost Calculator

Congratulations! You’re taking the first step to understanding the costs of employee turnover in your organization. Use our cost calculator to estimate the direct and indirect costs of losing an employee for as many roles in your organization as you’d like. There is no limit on the number of times you use the tool and when you are finished you can print the results to share with your senior leadership team. Once you have internal agreement on the costs you can begin building a business plan to increase employee engagement which will ultimately reduce turnover. Let us know if you have any questions or if we can help!

Targeted Job Name:
Average Annual Salary & Benefits:
Industry:
Job Function:

Direct Costs

Direct turnover costs are those costs incurred during the employee exit process, in addition to the hiring and training of their replacements. These costs are typically easier to measure than the indirect costs. Below is a model for calculating these costs.

Separation Costs

Exit Interviews
Administrative Functions
Separation Pay
Increase in Unemployment Tax
Other

Vacancy Costs

Temporary Help
Overtime
Other

Recruiting Costs

Advertising
Recruiting Agency
Recruiting Incentives

Selection Costs

Interviews
Selection Assessments
Background Check
Drug Test
Physicals
Reference Checks

Hiring Costs

Hiring Bonuses
Relocation
Other

Placement Costs

Supplies/Materials
Orientation
Training
Other