Turnover Cost Calculator

Calculate Turnover Cost





Formula

To calculate the Turnover Cost (\(TOC\)):

\[ TOC = \frac{AS}{52} \times E \times W \]

Where:

What is Turnover Cost?

Turnover cost refers to the total expense associated with replacing an employee who leaves the company. This includes costs related to hiring, training, and productivity loss during the transition period. Calculating turnover cost helps organizations understand the financial impact of employee turnover and develop strategies to retain talent and reduce turnover rates.

Example Calculation 1

Let's assume the following values:

Using the formula:

\[ TOC = \frac{50000}{52} \times 5 \times 4 \approx 19230.77 \]

The Turnover Cost (TOC) is $19,230.77.

Example Calculation 2

Let's assume the following values:

Using the formula:

\[ TOC = \frac{60000}{52} \times 3 \times 6 \approx 20769.23 \]

The Turnover Cost (TOC) is $20,769.23.