FREE Turnover Cost Calculator (Nurse edition)

Step 1

Step 2

Step 3

Below is a list of typical costs that healthcare companies bear due to the exit of each nurse, regardless of the reason why each nurse leaves their organization. Please consult your budget as well as any other source to identify the cost for losing just one nurse, and then input each cost into the categories below.

Step 1 - For filling temporary work gaps during recruiting:

Calculate all entries based on
the costs for only one nurse.

Temporary or agency spend while position is open & while replacement nurse ramps up*

Overtime spend paid to other nurses as a result of this one nurse exit*

Step 1

Step 2

Step 3

Step 2 - For hiring replacement nurses due to turnover

Advertising costs to fill the open position*

Recruiting agency fees to fill the open position*

Any commissions paid to internal recruiters*

Average cost of employee referral payouts, based on frequency that referrals are paid*

Dollar value for all interviewers’ time for all candidates considered for the position*

Travel reimbursement for non-local candidates’ interviews*

Selection assessments*

Drug tests*

Physical Exams*

Background checks*

Hiring or sign-on bonuses*

Relocation expenses*

Step 1

Step 2

Step 3

Step 3 - For onboarding newly-hired nurses

Required professional licensing, credentialing, & software licensing costs for each newly-hired replacement nurse*

Newly-purchased uniforms, supplies, & materials*

Approximate lost patient revenue due to the resulting staffing shortage due to one nurse exit*

Salary and benefits paid for days while replacement nurse is in dedicated onboarding versus on-the-job learning*

Salary and benefits paid for days while replacement nurse is in dedicated training versus on-the-job learning*

Please indicate the value for any additional costs not listed above*

Total Exit Cost

Name

Email

FREE Turnover Cost Calculator (Nurse edition)

What is turnover costing you?

The FREE turnover cost calculator provides an in-depth look at what your company spends to acquire and keep employees.

Step 1 - For filling temporary work gaps during recruiting:

Calculate all entries based on
the costs for only one nurse.

Step 2 - For hiring replacement nurses due to turnover

Step 3 - For onboarding newly-hired nurses

The FREE turnover cost calculator provides an in-depth look at what your company spends to acquire and keep employees.

Step 1 - For filling temporary work gaps during recruiting:

Calculate all entries based on the costs for only one nurse.

Step 2 - For hiring replacement nurses due to turnover

Step 3 - For onboarding newly-hired nurses

Calculate all entries based on
the costs for only one nurse.