New Hire Turnover Rate Calculator

No. of New Hires Left The Company During the First 90 Days 8
Total No. Of New Hires During That Period 35

New Hire Turnover Rate

New Hire Turnover Rate Department Wise

Department No. of New Hires Left Total No. Of New Hires New Hire Turnover Rate
Marketing 15 50 30.00%
HR 2 10 20.00%
Automation 1 7 14.29%
Finance 2 8 25.00%
New Hire Turnover Rate 20 75 26.67%
 Employee Turnover Cost Calculator

Description Amount
A. Benchmaark Employee Cost
1 Departing Employee's Annual Basic Salary ₹ 250,000.00
2 Annual Benefits ₹ 50,000.00
3 Monthly Salary + Benefits ₹ 150,000.00
4 Working Days Per Year 230
5 Working Hours Per Day 8
6 Salary + Benefits Per Day ₹ 1,304.35
7 Salary + Benefits Per Hour ₹ 163.04

B. Vacant Position Coverage Costs

8 No of Day To Fill The Vacant Position 5
9 Cost of Covering A Vacant Position Per Day ₹ 494.07
10 Total Cost To Cover Vacant Position ₹ 2,470.36

C. Cost To Fill the Post

11 Annual Salary Of Hiring Staff ₹ 650,000.00
12 Working Days Per Year 230
13 Working Hours Per Day 8
14 Salary Per Day ₹ 2,826.09
15 Salary Per Hour ₹ 353.26
16 Cost of Screening ₹ 5,298.91
Required Hours Required Days
15 1.875
17 Cost Of Interviews ₹ 5,298.91
Required Hours Required Days
15 1.875
18 Cost of Advertising ₹ 5,000.00
19 Cost Of Assessment ₹ 5,000.00
20 Cost Of Background Checks ₹ 5,000.00
21 Cost Of Travelling For Recruiting ₹ 5,000.00
22 Total Cost To Fill a Vacant Position ₹ 30,597.83

D. Cost of Training
23 Cost of Trainer Per Day ₹ 2,300.00
24 Training Days 5
25 Total Cost of Training ₹ 11,500.00

E. Productivity Ramp Up Cost

26 Annual Salary + Benefits Of New Employee ₹ 280,000.00
27 Salary + Benefits Per Day ₹ 1,217.39
28 Working Days During Probation Period 58
29 Total Cost of Lost Productivity ₹ 35,304.35

F. Turnover Calculations
30 Total Turnover Cost Per Employee ₹ 79,872.53
31 No of Turnover Per Year 5
32 Estimated Turnover Cost Per Year ₹ 399,362.65
 Cost Per Hire Calculator

Cost Per Hire

Summary
1. Total Advertising Cost Per Useful CV
2. Total Administrative Cost per Cancdidate Selected for Interview
3. Total Interviewing Cost per Candidate
4. Total Joining Cost Per Candidate
5. Total Miscellaneous Cost Per Candidate
Total Cost Of Hire Per Candidate (1+2+3+4+5)

1. Advertising Costs
Newspaper ₹ 15,000
Job Portals ₹ 10,800
Other Media ₹ 3,000
No. of useful CVs received 40
Total Advertising Cost Per Useful CV
2. Reviewing Process
No of employees indulged in Reviewing Process 3
No. of Days for Reviewing Process 7
Cost/Day per Reviewing Staff ₹ 1,200
No. of candidates selceted for Interview 25
Total Administrative Cost per Cancdidate Selected for Interview
3. Interviewing Process
No of employees indulged in Interviewing Process 5
No. of Days for Interviewing Process 3
Cost/Day per Interviewer ₹ 5,000
Total No. of Candidates Selected 15
Total Interviewing Cost per Candidate
4. Joining Costs
Medical Examination Expenses ₹ 18,000
Training Expenses ₹ 21,500
Other Joining Costs ₹ 7,400
No. of Candidates Recruited 10
Total Joining Cost Per Candidate
5. Other Miscellaneous Cost
Background Check Expenses ₹ 23,500
Others 0
No. of Candidates Recruited 10
Total Miscellaneous Cost Per Candidate
 Job Vacancy Rate Calculator

No. of Vacant Posts As On 12/31/2017 50

Total No. of Authorised Posts As On 12/31/2017 251
Job Vacancy Rate 19.92%
Monthly Job Vacancy Rate
Total No. Of Authorised
Month Year Vacant Posts Job Vacancy Rate
Posts
January 2018 10 100
February 2018 8 110
March 2018 22 125
April 2018 15 130
May 2018 18 125
June 2018 12 130
July 2018 15 128
August 2018 11 125
September 2018 11 125
October 2018 5 122
November 2018 11 125
December 2018 9 127
 Offer Acceptance Rate Calculator

Job Post Sales Executive

Job Location Mumbai
Job Type Field
Offer Acceptance Rate
No. of Offers Accepted 13
Total No. of Offers Issued 18
Offer Acceptance Rate

Offer Acceptance Rate (Multiple Job Posts)

Job Post Job Location Job Type Offers Accepted Offers Issued Offer Acceptance Rate
Manager Mumbai Office 2 3
Sales Executives Mumbai Field 13 18
Clerk Pune Office 3 3

Offer Acceptance Rate 18 24 75.00%

 Offer Decline Rate Calculator

Job Post Sales Executive

Job Location Mumbai
Job Type Field Job
Offer Decline Rate
No. of Offers Declined 5
Total No. of Offers Issued 22
Offer Decline Rate

Offer Decline Rate (Multiple Job Posts)

Job Post Job Location Job Type Offers Declined Offers Issued Offer Declined Rate
Manager Mumbai Office 1 3
Sales Executives Mumbai Field 3 18
Clerk Pune Office 1 10

Offer Decline Rate 5 31 16.13%

 Time To Fill Calculator
Time To Fill For Single Job Post
Job Title Manager
Date Of Post Opening/Approved 3/1/2018
Date of Contract Signing/Accepting Offer 5/12/2018
Actual Date of Joining 6/12/2018
Time To Hire
Time To Fill

Time To Fill For Multiple Job Posts

Sr. No. of Date of Job Date of Actual Date Time To Hire Time To Fill
Job Post Contract
No. Posts Opened of Joining Individual Post Individual Post
Signing

1 Office Assistant 1 5/1/2018 7/1/2018 7/15/2018

2 Secretary 1 5/1/2018 6/1/2018 7/1/2018
3 Salesman 10 5/1/2018 6/15/2018 7/13/2018
4 Researcher 5 5/1/2018 6/18/2018 7/13/2018
5 Developer 8 5/1/2018 6/8/2018 7/1/2018
6 Content Developer 3 5/1/2018 6/21/2018 6/21/2018
7 Video Editor 2 5/1/2018 5/22/2018 6/18/2018
8 Manager 2 5/1/2018 5/19/2018 6/8/2018
9 BDM 1 5/1/2018 5/21/2018 6/12/2018
10 Assistant Manager 2 5/1/2018 5/31/2018 7/15/2018
35
Average Time To Hire Per Employee Days
Average Time To Fill Per Employee Days
 Vacancy Costs Calculator

Description Amount
Total Cost of Temporary Workers ₹ 125,300
Total Cost of Independent Workers ₹ 50,000
Total Cost of Outsourcing the Work ₹ 85,000
Total Overtime to Company Staff ₹ 67,800
Total (A)

Wages/Salaries Not Paid to Vacant Positions ₹ 152,000

Benefits Not Paid to Vacant Positions ₹ 85,600

Estimated Loss of Revenue ₹ 50,000
Total (B)

Total Vacancy Costs (A - B) ₹ -

No of Vacancies 5

Cost Per Vacancy ₹ -