| The Turnover Cost Calculator |
| A.
Cost of Employee Exiting |
| Base salary of open position
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| Number of exit interviews |
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Average length of exit interviews
in hours |
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Average annual salary of interviewers |
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| Estimated total number of
hours spent documenting, analyzing and discussing exit |
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Average annual salary of people involved |
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| Estimated cost of all training,
conferences, coaching, other development last 2 years, including
salary, travel and out of pocket expenses |
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| Cost of severance pay |
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| Cost of outplacement or
transition support |
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| Cost of legal fees for waivers,
signoffs, consultation |
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| Estimated administration
costs - COBRA, other benefits, unemployment tax increase |
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| How many weeks has the position
been open to-date? |
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| Estimated weeks from now
to start date (reasonable estimate based on current knowledge) |
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| Cost of filling-in while
position is open: |
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Base salary of person backfilling while
position open |
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Avg % of time weekly devoted to backfilling
open position |
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Number of weeks person filling-in |
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| If open position is in charge
of a department, division or business unit: |
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# employees in unit |
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average salary |
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estimated average % of time non-productive |
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| Estimated cost of any lost
revenue, goodwill, customers, other |
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