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Instructions: Fill in boxes in rows A and B, click on Calculate button to fill in box in row C, etc.

Note: Do NOT use commas as separators in numbers.

The Cost of Turnover

           
A.
 Number of employees
 
  
B.
 Average annual salary (including        
benefits) of employees
$
 
  
C.
 Total annual payroll (including        
  benefits) of employee population        
= (A x B)
$
 
  
D.
 Number of employees voluntarily        
leaving the company annually
 
  
E.
 Annual turnover rate = (D ÷ A)
%
 
  
F.
 Cost to replace an employee as a        
percentage of salary *
%
 
  
G.
 Bottom line annual impact of        
voluntary turnover = (F x D x B)
$
 
  
H.
 Cost per day of voluntary turnover        
= (G ÷ 250)
$
 

* If you're not sure, please be advised that CSI's research estimates the cost at anywhere from 50% to 200% of the employee's salary, including lost productivity, on-the-job training, executive search services, etc. Try a few different percentages to observe the impact on your bottom line results.

 The ROI of Investing in Reducing Turnover

           
I.
 Retention goal: targeted reduction in        
employee turnover rate
%
 
  
 
J.
 Turnover rate if retention goal is        
achieved = [E x (1 - I)]
%
 
  
 
K.
 Annual dollar savings in turnover        
  cost if retention goal is achieved        
= (I x G)
$
 
 
  
 
L.
 Annual dollars invested to achieve        
retention goal
$
 
 
  
 
M.
 ROI of investing in reducing        
  turnover = [(K ÷ L) X 100]
%
 
 

Ray Halagera, the President and COO of CSI, is an acclaimed authority in pro forma employee turnover cost analysis, having lectured and consulted to numerous organizations on this subject. If after running the numbers above you would like his inputs on your company's particular situation, he is available for a free, no-obligation phone or e-mail consultation: you may accomplish this by clicking on the Contact CSI link below.

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