Turnover Cost Calculator

Directions: Fill in the cells with actual figures from your testing and selection during the past year.

What is the actual cost of not knowing all you could know about your applicants?

Total number of candidates hired and trained

Advertising/Recruting (total amount spent)

Employment Testing (total cost for testing all job candidates; includes test costs plus salaries and overhead)

Interviewing (total cost for interviewing all candidates; includes pay for interviewers plus overhead costs)

Average total amount paid to each newly-hired employee during their training and time before they can work without direct supervision

Training costs (total cost for training all candidates who were hired; includes trainer's pay and other costs)

Average amount paid to supervisors, trainers, or others needed to supervise the average trainee during their probationary period

Cost of polygraph (total cost for all candidates who were polygraphed)

Cost of medical screening (total cost for all candidates who were tested)

Cost of drug screen (total cost for all candidates who were tested)

Total Cost of hiring and training all employees:

Average cost of hiring and training each employee:

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