Excel Employee Turnover Cost Calculator
The true cost of employee turnover goes far beyond severance pay, job posting fees, and recruiter commissions. Some companies estimate that it can cost 4x an employee's salary to replace them. Use our employee turnover cost calculator to assess the impact of turnover and low employee retention on your business.
How to Calculate the Cost of Employee Turnover
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Our employee turnover calculator considers a broad scope of the costs involved in losing an employee to find out the true cost of replacing an employee with a new hire.
To use the calculator, simply fill in the grey cells in the spreadsheet with the costs relevant to your organization. The calculations will be done automatically, and will give you a rough idea of the true cost of losing good employees.
