Labor turnover

Number of Employees Who Left

The total count of employees who have left the organization in the last year

Average Cost of Hiring a New Employee

The average expenses incurred in recruiting a new employee, including advertising, interviewing, screening, and hiring

Average Cost of Training New Employees

The average expenses associated with training a new hire to reach full productivity, covering materials, training time, and the potential cost of reduced productivity during the training period

Average Loss in Productivity per Leaving Employee

The estimated financial impact of lost productivity from an employee leaving, until a new hire reaches full productivity

Total Hiring Costs

Calculated as the product of the number of employees who left and the average cost of hiring a new employee

Total Training Costs

Calculated as the product of the number of employees who left and the average cost of training new employees

Total Productivity Loss

Calculated as the product of the number of employees who left and the average loss in productivity per leaving employee