Cost of Turnover by Segment

This analysis applies where turnover by workforce segment is known.  Please enter the name of up to 5 segments of your workforce here:

Segments

Segment 1:
Segment 2:
Segment 3:
Segment 4:
Segment 5:
 

Workforce Segment

1 2 3 4 5
Number of employees
Annual turnover  %  %  %  %  %
Number of employees leaving annually
Average salary of employees ($)
Turnover costs per employee leaving *  %  %  %  %  %
Average cost per employee ($)
TOTAL ($)

* Normally assume turnover costs are 1/3rd of the average salary of employees (this is most likely a very conservative estimate).  In sales scenarios, where the loss of key customers or market share is likely, a higher figure should be used.

Total Annual Cost $
A 20% reduction in turnover equates to a cost saving of: $

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