Cost of Turnover Worksheet Complete this form separately for each type of position. Position: ____________________________ Hrly Rate: _____________ Times Filled Per Year: _______ PER HIRE COSTS OTHER COSTS Direct Labor Costs: ________________ Training Costs (Annual): ________________ Application Processing Interview General Orientation Time Analysis & Selection Specific Job Training Time Training Materials Hiring Costs: ________________ Calculate * # Groups Trained/Year Drug Screening Overtime Costs (Annual): ________________ Background Check Agency Fees Due to short staffing Other (Relocation, etc.) Recruiting Costs (Annual): ________________ Wages during Orientation: ________________ Generic or Targeted Ads Direct Compensation Other (Job Fairs, etc.) Indirect Compensation ANNUAL COST CALCULATIONS Support Staff Costs (Per Hire): ________________ Per Hire Total Costs: ________________ Accounting Time x HR/Benefits Time Number Hired Per Year: ________________ Supply Costs (Per Hire): ________________ = Safety Equipment Uniforms ________________ Other Supplies (Business Cards, Vehicle, etc.) + Lost Productivity (Per Hire): ________________ Other Costs (Annual Total): ________________ Identify Days to Full Productivity = Calculate as # * hrly rate * 50% * 8 hrs/day TOTAL ANNUAL COSTS ________________ Note: This is Per Position in Organization.
Cost of Turnover Worksheet Complete this form separately for each type of position. Position: ____________________________ Hrly Rate: _____________ Times Filled Per Year: _______ PER HIRE COSTS Direct Labor Costs: ________________ Application Processing Interview Analysis & Selection Hiring Costs: ________________ Drug Screening Background Check Agency Fees Other (Relocation, etc.) Wages during Orientation: ________________ Direct Compensation Indirect Compensation Support Staff Costs (Per Hire): ________________ Accounting Time HR/Benefits Time Supply Costs (Per Hire): ________________ Safety Equipment Uniforms Other Supplies (Business Cards, Vehicle, etc.) Lost Productivity (Per Hire): ________________ Identify Days to Full Productivity Calculate as # * hrly rate * 50% * 8 hrs/day OTHER COSTS Training Costs (Annual): ________________ General Orientation Time Specific Job Training Time Training Materials Calculate * # Groups Trained/Year Overtime Costs (Annual): ________________ Due to short staffing Recruiting Costs (Annual): ________________ Generic or Targeted Ads Other (Job Fairs, etc.) ANNUAL COST CALCULATIONS Per Hire Total Costs: ________________ x Number Hired Per Year: ________________ = ________________ + Other Costs (Annual Total): ________________ = TOTAL ANNUAL COSTS ________________ Note: This is Per Position in Organization.
Crescendo-Cost-of-Turnover-Worksheet.docx