This Employee Turnover Cost Calculator provides a structure to establish the costs associated with your levels of employee turnover and will allow you to determine how much impact employee turnover is really having on your bottom line.
We all recognise that employee turnover is often destructive, time consuming and costly. Most will be familiar with quotes of abstract numbers from blog articles, CIPD website reports, etc. But it is not always high on the "must fix" list of HR and senior management and leadership teams as it is sometimes difficult to try and establish a "true" cost for your own organisation.
This Employee Turnover Cost Calculator also shows you how much money can be saved for every percentage improvement you can make in your employee retention efforts. Each time you calculate your costs, we'll generate a 10-Point Personal Employee Turnover Report and we'll even email you a copy of it as well! The results will help you create a compelling business case, backed up with your own numbers so that you can convince others that addressing employee turnover is a "must".