Cost of Employee Turnover Calculator

Take the hassle out of calculating your employee turnover costs with this free calculator. Our trusted formula will help you find out annual losses associated with employee turnover and how better engagement can cut these losses

When a new employee reaches the same level of results (productivity) as a departed employee?

For entry level job it takes about 1-3 months, for engineering, mid-level management, software developer: about 4-7 months, for senior or executive positions: 8-12 months

What is your average cost associated with replacing an employee?

Consider any amounts paid to a departing employee (e.g. non-compete, unused vacations, etc.) and Any amounts paid to attract new employee (ads, recruitment costs, screening, interviews, sign-on bonuses, workplace setup, etc.)

What is employee turnover rate in your company?

It's a number of employees leaving company per year divided by the total number of employees. 10% is considered low, while 21% is average

How many employees does your company employ?

What is average monthly salary in your company?

Including taxes, bonuses, benefits, perks, etc. 2768.49 EUR (£2334) is the average salary in the UK as of Feb 2024

Your organization's annual losses associated with employee turnover:

0.00 EUR
average/employee/month

0.00 EUR
total per year

Better engagement could increase your profit by:

0.00 EUR, total per year

Based on the Society for Human Resource Management (SHRM) study, increased engagement can reduce employee turnover by 40%

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