This calculator is designed to estimate the annualized cost of turnover for a given job position.  The process for estimating turnover costs can be structured as extremely detailed and time consuming or can be greatly simplified by using pre-defined, but job specific, average cost amounts for related cost variables – e.g., recruitment and hiring costs, lost productivity, on-boarding and training costs, etc. AlignMark’s calculator makes use of such pre-defined averages in order to simplify your task and draws on data from organizations such as The Saratoga Institute, Jack Philips Center for Research, as well as various industry and trade publications.

To download AlignMark's Cost of Turnover Calculator, please fill out the form to the right.

Turnover precipitates a very large series of individual activities, each of which represents a cost consideration.  Although specific activities vary by job and industry, the list below provides a representative sample of the types of cost factors considered by the AlignMark calculator.

• Separation Costs
  • Severance pay (typically range is one to four weeks’ compensation, depending upon type of job position) week salary)
  • Exit interviews
  • Costs related to administrative processing/record keeping
  • Unemployment tax increase
  • Overtime/Temporary Resource to address coverage
• Replacement Costs
  • Pre-employment administrative costs
  • Cost of attracting applicants (advertising, etc.)
  • Costs of interview process
  • Test/assessment costs
  • Staff costs (meet and confer)
  • Post employment administrative costs (payroll, benefits, records)
  • Post employment medical exams
  • Applicant travel costs (if any)
• Training costs
  • Informational literature/Materials
  • Formal training costs (trainer’s time)
  • Informal training costs (OJT, mentoring, socializing)
  • New employees time
• Productivity loss
  • 25 -  50% for initial three to six months of new hire’s employment