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  • Drake P3
  • About
    • About Drake International
    • Our Values
    • Client Testimonials
    • The Drake Creed
    • Drake's Code of Ethics
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      • Huntel Global
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What is turnover costing you.

Calculate the cost of staff turnover.

Why does staff turnover matter?

Understanding staff turnover is a crucial metric for any organisation. It reflects the rate at which employees leave the company, impacting overall team dynamics and productivity. It's anticipated that it will take 40 days to replace an employee, and an additional 60 days for the recruit to become productive in their new role. This amounts to a total of 100 days of lost productivity, along with other recruitment, onboarding, and training expenses. High turnover can disrupt workflows, increase recruitment costs, and affect morale. Understanding the reasons behind turnover helps organisations take proactive measures.

How to calculate staff turnover?

Use our turnover rate calculator below to determine your company’s turnover rate.

Based on your figures, the total cost of turnover to your organisation is:



Total cost of turnover (per departed employees)

The Drake ‘Principles of Human Capital Management’ are all based on the concept that the return on the dollar savings (in human capital terms) will always exceed the annual expenditure.


Reducing your turnover by just 20%, will save you:


(A typical result of deploying a Drake Talent Management Solution.)
Benchmark employee cost

Calculated annual benefits cost: Estimated at 20% of base salary

Calculated monthly salary + benefits:

Calculated daily salary + benefits: Based on 230 (8hr) working days

Cost of 'covering' a vacant position

Calculated daily cost of 'covering' a vacant position: 33% of departing employee's daily salary + benefits

Total cost to 'cover' vacant position:

Cost to fill a vacant position

Calculated HR/Hiring manager's hourly rate: Based on 230 (8hr) working days and 20% fringe rate

Total cost to fill a vacant position:

Onboarding and Orientation cost

Calculated trainer/manager daily rate: Based on 230 (8hr) working days and 20% fringe rate

Total onboarding and orientation cost:

Cost of productivity ramp-up

Daily employee cost salary + benefits:

Cost of productivity ramp-up

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