Calculate the cost of your hiring process. What is it costing YOU?!


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MORE... ABOUT ASSESSMENTS		ANALYZING THE COST OF STAFF TURNOVER
The cost of hiring and firing can cripple a business. Businesses spend thousands of dollars annually, trying to get it right. Simply enter your figures into the Turnover Cost Calculator and you will see how much money you could save with more informed hiring by applying assessments to your process. What is staff turnover costing you? Ask the TURNOVER COST CALCULATOR

Company Name:

Department:

# of Employees in Dept:

Position:

Monthly Salary (or expected pay):

Benefits (estimated 35% of monthly salary):

TOTAL MONTHLY COMPENSATION

INITIAL HIRING EXPENSES

Advertising:

Search Agency Fees:

Hiring Supplies and Materials

Drug Test:

TOTAL INITIAL HIRING EXPENSES:

Total number of People Turned Over Annually:

Company/Dept. Turnover (percentage) Annually:

Avg. Time (in months) Turnover Occurs:

Avg. Cost Per Employee Turnover:

COST OF TURNOVER ANNUALLY:

REDUCING TURNOVER

By reducing annual turnover by:	Total Number of People Turned Over Annually:	New Total Cost of Turnover Annually:	You can expect an annual savings of:
10.00%		$	$
12.50%		$	$
15.00%		$	$
20.00%		$	$
25.00%		$	$
30.00%		$	$
35.00%		$	$
40.00%		$	$
45.00%		$	$
50.00%		$	$

For your information:

Eighty percent of employee turnover is avoidable!

The use of assessments has become essential to employers who

ANALYZING THE COST OF STAFF TURNOVER
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