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Employee Turnover Cost Tool

This document contains a turnover rate calculator with annual and monthly data tables. It provides instructions for calculating an organization's annual turnover rate based on information such as average employee salary, number of employees hired and lost, and end of year employee count. The annual calculation shows the example company had a 19.2% turnover rate and $10.8 million in turnover costs last year. The monthly breakdown allows calculating rolling turnover rates and costs to identify peak periods.

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naveed ahmed
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59 views2 pages

Employee Turnover Cost Tool

This document contains a turnover rate calculator with annual and monthly data tables. It provides instructions for calculating an organization's annual turnover rate based on information such as average employee salary, number of employees hired and lost, and end of year employee count. The annual calculation shows the example company had a 19.2% turnover rate and $10.8 million in turnover costs last year. The monthly breakdown allows calculating rolling turnover rates and costs to identify peak periods.

Uploaded by

naveed ahmed
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Robert Gately, PE, MBA 10/17/2019 508-634-7748

GATELY CONSULTING Turnover Rate Calculator Fax 508-634-0670

Turnover Rate Calculator


enter company name here

Annual Data
Change or edit data in red blocks and be sure to enter data in Line 1
then use the Monthly worksheet for entering monthly turnover data.

1 average annual salary of employees that left = $ 15,000


2 employees on payroll at beginning of the year = 5,000
3 number of employees that left = 960
Lines 8 and 10 should be
4 number of employees hired = 960 the same if you are
calculating a calendar
5 cost of turnover (% of annual salary) = 75%
year's turnover rate
6 end of year employee count = 5,000
To save half of line 11
7 average employee count for the year = 5,000
call Bob Gately at
8 average annual turnover rate = 19.2% 1-508-634-7748
and ask how to do it.
9 Number of W2 forms for last year = 5,960
10 last year's turnover rate = 19.2%
11 last year's Cost of Turnover = $ 10,800,000

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Filename: 442497496.xls.xls Worksheet: Annual
Robert Gately, PE, MBA 10/17/2019 508-634-7748
GATELY CONSULTING Turnover Rate Calculator Fax 508-634-0670

Turnover Rate Calculator

enter company name on Annual worksheet

Monthly Data
change data in red cells below

Annual Salary = $ 15,000 Cost Of Turnover = 75%

enter the starting Number of employees... Turnover rates (%) Monthly Cost
month in cell B9 on the 1st that left hired at end Monthly Cumulative Annual of Turnover

1 January 5,000 120 40 4,920 2.40 28.80 28.80 $ 1,350,000


2 February 4,920 40 120 5,000 0.81 19.51 9.76 $ 450,000
3 March 5,000 100 60 4,960 2.00 20.80 24.00 $ 1,125,000
4 April 4,960 80 80 4,960 1.61 20.56 19.35 $ 900,000
5 May 4,960 90 70 4,940 1.81 20.81 21.77 $ 1,012,500
6 June 4,940 80 100 4,960 1.62 20.65 19.43 $ 900,000
7 July 4,960 60 60 4,960 1.21 19.70 14.52 $ 675,000
8 August 4,960 10 90 5,040 0.20 17.54 2.42 $ 112,500
9 September 5,040 90 80 5,030 1.79 17.72 21.43 $ 1,012,500
10 October 5,030 100 90 5,020 1.99 18.37 23.86 $ 1,125,000
11 November 5,020 90 80 5,010 1.79 18.69 21.51 $ 1,012,500
12 December 5,010 100 90 5,000 2.00 19.16 23.95 $ 1,125,000
Average 4,983 80 80 4,983 1.60 900,000
Totals 960 960 5,000 19.23 $ 10,800,000

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Filename: 442497496.xls.xls Worksheet: Monthly

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