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Total Cost of Turnover Worksheet

Total Cost of Turnover Worksheet

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Cost of Turnover
Cost of Turnover

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Categories:Types, Business/Law
Published by: Ahmed Zeen EL Abeden on Feb 11, 2011
Copyright:Attribution Non-commercial


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Total Cost of Turnover Worksheet
Use this worksheet to help you list and organize all the costs associated with employee turnover. The costs are neither exclusive nor exhaustive, so be sure to speak with Human Resources personnel for greater knowledge of your company’s recruiting, training,retention, and termination policies.
Costs Associated with Employee Turnover 
Total exit costs
Departee’s wages for exit interview
Total overtime costs
Interviewer’s wages for exit interview
Total recruitment costs
Administrative costs for termination
Severance pay for departee
Total miscellaneous costs
Loss of skills, knowledge, and contacts
Total of All Costs-Total exit costs
Extra hours to be workedStaff wages
Total overtime costs
Cost of advertisingCost of recruiting agency (if required)Cost of interviewer’s timeCost of screening resumesRelocation expenses (if necessary)Administrative costs
Total recruitment costs
Exit CostsThese are the costs involved with the actual process of terminating an employee.Total Cost of TurnoverSummary of all costs.
EstimatedCost training costs
OvertimeThese are the costs that are incurred as remaining staff works extra hours to compensate for productivity losses.
 These are the costs that were incurred when the employee wasfirst hired and/or screened for employment. Cost
Productivity and Training
 These are the total costs associated with the employee’s initialtraining and ramp-up time.

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