Employee Turnover Calculator - Wyoming Department of Workforce Services

Use this worksheet to calculate turnover costs. Included are direct costs, such as the cost of background checks, as well as indirect costs, such as lost productivity. The chart below can be used to show the Green Money or the actual costs of turnover, and the Blue Money or the softer costs of turnover (appropriate salary/hour x time spent on each activity).

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Notice Period

Green Money Costs

Last paycheck, accrued vacation, separation pay

Increased unemployment tax

Continued benefits

Total Green Money Costs:

Blue Money Costs

Administrative costs for processing the separation

Lower productivity: employee, peers, supervisor, subordinates

Exit interview, transition meetings

Total Blue Money Costs:

Vacancy Period

Green Money Costs

Advertising and recruiter fees

Interview expenses (meals, mileage, or other)

Printing costs for company marketing materials

Assessments

Criminal checks, reference checks, credit checks, etc.

Medical exams and drug tests

Temporary/contract employee costs

Overtime costs

$ Relocation expenses and salary

Total Green Money Costs:

Blue Money Costs

Lost productivity: peers, supervisor, subordinates

Advertising creation and placement

Recruiter selection

Administrative costs: ordering forms and copies of annual reports, scheduling and scoring assessments, coordinating with hiring manager and others, etc.

Resume screening

Interviews: first, second, third

Total Blue Money Costs:

Hiring/Orientation Period

Green Money Costs

Orientation materials (handbook, video, handouts, etc.)

Formal training programs (materials, course fees)

Informal one-on-one training (materials, if any)

Total Green Money Costs:

Blue Money Costs

Orientation participants’ salaries

Lost productivity: peers, supervisor, subordinates

Administrative costs: orientation setup, ordering materials, etc.

Informal training and one-on-ones

Total Blue Money Costs:

Hidden Cost

Missed deadlines and shipments

Loss of organization knowledge

Lower morale due to overwork

Learning curve

Client issues due to turnover

Loss of client relationships

Disrupted department operations

Chain reaction turnover

Total Hidden Costs:

Grand Total Replacement Cost:

Resources

Notice Period

Green Money Costs

Blue Money Costs

Vacancy Period

Green Money Costs

Blue Money Costs

Hiring/Orientation Period

Green Money Costs

Blue Money Costs

Hidden Cost