Skill Gap Cost Calculator

Number of Employees with Skill Gaps

The total number of employees identified as having a particular skill gap

Average Productivity Loss Percentage

The estimated percentage reduction in productivity for each employee due to the identified skill gap

25%

1%

100%

Average Salary per Employee

The average salary of the employees with the identified skill gap.

Operational Error Cost

The estimated additional cost incurred due to operational errors or inefficiencies as a result of the skill gap

Lost Opportunity Cost

The estimated financial impact of missed opportunities, like lost sales or failed projects, due to the skill gap

Total Productivity Loss Cost

The financial impact due to reduced productivity from employees with the identified skill gap

Total Skill Gap Cost

The cumulative financial cost to the organization due to the identified skill gap, considering productivity loss, operational errors, and lost opportunities.