Turnover Cost by Retention Rate

Initial Number of Employees

The number of employees at the start of the period

Number of Employees at End

The number of employees at the end of the period

Number of Employees Hired During Period

The number of new employees hired during the specified period

Avg Recruitment Cost per Employee

The average cost associated with recruiting a new employee, including advertising, interviewing, screening, and hiring expenses

Average Training Cost per Employee

The average cost to train a new employee, encompassing materials, trainers, and time spent

Average Productivity Loss per Employee

The estimated financial impact due to the time it takes for a new employee to become fully productive

Turnover Rate

The percentage of employees who left the company during the period

Total Turnover Cost

The overall financial impact of turnover during the period, considering recruitment, training, and productivity loss