Turnover Cost Report

Your Summary and Totals

Targeted Job Information

• Targeted Job Name
• Annual Compensation & Benefits for Targeted Job
• Projected Number of Exits for This Job, This Year
• Company Average Compensation & Benefits for All Positions
• Industry

Direct Costs Summary:

Separation Costs

• • Exit Interviews
  • Administrative Functions
  • Separation Pay
  • Increase in Unemployment Tax
  • Other Separation Costs

• Total Separation Costs

Vacancy Costs

• • Temporary Help
  • Overtime
  • Other Vacancy Costs

• Total Vacancy Costs

Acquisition costs

• • Advertising
  • Recruiting Agency
  • Employee Referral Payouts
  • Travel
  • Interviews
  • Selection Assessments
  • Background Check
  • Drug Test
  • Physicals
  • Reference Checks
  • Hiring Bonuses
  • Relocation
  • Other Acquisition Costs

• Total Acquisition Costs

Placement Costs

• • New Supplies/Materials
  • Onboarding Days
  • Total Onboarding Costs
  • Training Days
  • Total Training Costs
  • Other Training Costs

• Total Placement Costs

• Total Direct Turnover Cost

Lost Productivity Costs Summary:

• • Annual Revenue Per Full-Time Equivalent Employee
  • Number of Workdays per Year
  • Average Workdays Position Open due to Attrition
  • Number of Ramp-Up Days Divided By 2

• • Daily Revenue per Full-Time Equivalent Employee

• • Targeted Job’s Value vs Other JobsX

• • Targeted Job’s Daily Revenue

• • Lost Revenue for Open Position due to Attrition

• • Lost Revenue for Ramp-up Time due to Attrition

• • Total Gross Lost Productivity Turnover Costs per Targeted Job

• • Salary and Benefits Saved While Position is Open( )

• Total Vacancy Costs Paid to Offset Lost Productivity( )

• Total Lost Productivity Cost

Your Turnover Costs

• • Total Turnover Cost for One Exit For Targeted Job

• Projected Turnover Costs for Position This Year Based On Losses

Projected Retention Savings

• • Cost Savings by Reducing Turnover 20%

• Cost Savings by Reducing Turnover 50%