Employee Turnover Calculator

Calculate the Actual Cost of Employee Turnover

Do the math with your numbers.

1. Think of a job where there has been turnover. (Ex: Supervisors).
2. Estimate and enter the average annual pay. (Ex: If the average annual pay is $40,000, then enter 40000).
Average Annual Pay:	Please enter a number
3. Look on the chart below for the type of job you are estimating turnover costs for, and select its corresponding Percentage of Annual Pay.
(These are research statistics showing the percentage of annual pay required to replace a person in these types of jobs)(Ex: Supervisors, 125%)
Type of Job:	Entry Level, Secretarial/Administrative 50% Service and Production 60% Skilled and Professional 100% Supervisors, Middle Management 125% Engineers, Specialists 200%
4. Estimate the number of annual turnovers in this job, enter it.
Annual Turnovers:	Please enter a number
5. Calculate your Bottom line costs by clicking on the "calculate" button below.
Bottomline Costs:
This is your bottom line turnover cost for replacing the employees who left this type of job in one year.Is the number too high or not? Do you have a turnover problem or not? If yes, please keep reading.
Repeat this process for every job where you suspect turnover is costing you; then total these amounts for a company-wide figure.
Now let's calculate your top line cost.
1. Enter your company's profit margin as a percent (Ex: if your company's profit margin is 10%, then enter 10).
Profit Margin (as a percent):	Please enter a number
2. Calculate your Top line costs by clicking on the "calculate" button below. Please be sure to use the bottomline calculator, above, first.
Top line Costs:
This new number is the amount of revenue you need just to cover turnover costs. (Ex: $5,000,000).
Don't forget your sales costs to achieve this additional amount of revenue.
Add your Bottom Line and Top Line Turnover Costs: Expensive?

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