The Cost of Turnover Calculator

Please fill in all the fields below then press the “Calculate” button.

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

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Total cost of turnover
(per departed employees)

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


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

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

Here are the details

Benchmark employee cost
This field is required Please enter a numeric value.

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

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Calculated monthly salary + benefits:

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

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Cost of 'covering' a vacant position
This field is required Please enter a numeric value.

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

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Total cost to 'cover' vacant position:

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Cost to fill a vacant position
This field is required Please enter a numeric value.
This field is required Please enter a numeric value.
This field is required Please enter a numeric value.
This field is required Please enter a numeric value.
This field is required Please enter a numeric value.
This field is required Please enter a numeric value.
This field is required Please enter a numeric value.

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

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Total cost to fill a vacant position:

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Onboarding and Orientation cost
This field is required Please enter a numeric value.
This field is required Please enter a numeric value.

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

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Total onboarding and
orientation cost:

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Cost of productivity ramp-up
This field is required Please enter a numeric value.

Daily employee cost salary
+ benefits:

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Cost of productivity ramp-up

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This field is required Please enter a numeric value.
* Indicates mandatory field