Cost of Burnout Calculator
Definition
- Cost of Burnout (CBO): The annual financial impact of employee burnout on a company.
- Total Employee Salaries (ES): The combined salaries of all employees in the company.
Example
Let's say the total employee salaries (ES) is $1,000,000. Using the formula:
\[
\text{CBO} = 1,000,000 \times 0.15 = 150,000
\]
So, the cost of burnout is $150,000 per year.
Extended information about "Cost-of-Burnout-Calculator"
How to Calculate Burnout
Formula: Burnout Risk = \( \frac{\text{Total Hours Worked}}{\text{Standard Work Week Hours}} \times 100 \)
- Total Hours Worked: The sum of hours worked during a specified period (e.g., a week)
- Standard Work Week Hours: The recommended or typical number of working hours per week, often considered as 40 hours
Example: Burnout Risk = \( \frac{50}{40} \times 100 \)
Cost of Employee Burnout
Formula: Cost of Burnout = \( \text{Number of Burned-Out Employees} \times \text{Cost per Employee} \)
- Number of Burned-Out Employees: The total number of employees experiencing burnout
- Cost per Employee: The average cost associated with each burned-out employee, including lost productivity, absenteeism, and turnover costs
Example: Cost of Burnout = \( 10 \times 5000 \)
Cost of Burnout in Healthcare
Formula: Cost of Healthcare Worker Burnout = \( \text{Number of Burned-Out Healthcare Workers} \times \text{Cost per Worker} \)
- Number of Burned-Out Healthcare Workers: The total number of healthcare workers experiencing burnout
- Cost per Worker: The average cost associated with each burned-out healthcare worker, including recruitment, training, and lost productivity
Example: Cost of Healthcare Worker Burnout = \( 20 \times 10000 \)
Cost of Nurse Burnout
Formula: Cost of Nurse Burnout = \( \text{Number of Burned-Out Nurses} \times \text{Cost per Nurse} \)
- Number of Burned-Out Nurses: The total number of nurses experiencing burnout
- Cost per Nurse: The average cost associated with each burned-out nurse, including turnover and training costs
Example: Cost of Nurse Burnout = \( 15 \times 7000 \)
Cost of Physician Burnout
Formula: Cost of Physician Burnout = \( \text{Number of Burned-Out Physicians} \times \text{Cost per Physician} \)
- Number of Burned-Out Physicians: The total number of physicians experiencing burnout
- Cost per Physician: The average cost associated with each burned-out physician, including recruitment, lost billings, and onboarding costs
Example: Cost of Physician Burnout = \( 5 \times 800000 \)
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