Turnover Cost Estimator Template
Calculate the hidden costs of losing and replacing an employee.
Download the Cost Estimator
This spreadsheet helps you quantify the financial impact of employee turnover.
What's in the Estimator
- Sections for separation costs (e.g., exit interviews, severance).
- Fields for recruitment costs (e.g., advertising, agency fees).
- A calculator for training and onboarding costs.
- An estimator for lost productivity during the vacancy and ramp-up period.
Key Features
Builds a Business Case
Use the data to justify investments in employee retention initiatives.
Reveals Hidden Costs
Highlights the often-underestimated costs of lost productivity.
Strategic HR Tool
Helps you make data-informed decisions about your workforce.
How to Use This Estimator
- Download the .xlsx file.
- Enter the salary of the departing employee.
- Fill in your estimated costs for recruitment, advertising, and training.
- The estimator will calculate the total cost of turnover.
Expert Insights
Employee turnover is much more expensive than most leaders realize. Conservative estimates suggest that the cost to replace an employee is between 50% and 200% of their annual salary. By quantifying this cost, you can make a powerful business case for investing in the programs that keep your best people.