TEKsystems^® Turnover Calculator - How Much Does it Really Cost to Hire Someone?

Our tool will help you calculate turnover and discover how much your company spends because of employee turnover. Once you understand what you’re spending, you can identify opportunities to reduce those costs. Contact a TEKsystems location near you at 888.835.7978 to see how we can help bring cost savings to your organization.

Key background information

1. How many employees are in the position in question?

%2. What is the annual turnover percentage for the position?

$3. What is the average annual compensation for the position?

%4. What is the average Tax & Benefit Cost as % of Salary? (assume 25%)

5. How many candidates do you interview per opening?

6. How many candidates are assessed per opening (screening/ background etc.)?

Relevant training information

$7. Per new employee, what do Informational Literature and Manuals cost?

8. How long does the formal training program last (in days)?

$9. What hourly rate do you pay an instructor?

10. How many months does it take before a person in this position is fully productive?

Other miscellaneous costs (if available)

$11. What did you spend last year to attract applicants (ads, agencies etc.)?

$12. How much (if anything) did you spend on staff travel costs to interview applicants?

$13. What annual cost do you incur on candidate travel costs?

$14. How much (if anything) do you spend on relocation expenses annually?

$15. How much does a post-employment medical exam cost?

$16. How much is the sign-on bonus for the position?

Contact Information

First Name:

Last Name:

Email:

Email me the results:

Phone:(xxx) xxx-xxxx

Quick Poll

Who is primarily responsible for IT staffing / services vendor management in your organization?

End-using IT managers
A MSP or Vendor Management Organization
Purchasing / Procurement
Human Resources
Other?

TEKsystems® Turnover Calculator - How Much Does it Really Cost to Hire Someone?

Key background information

Relevant training information

Other miscellaneous costs (if available)

Contact Information

Services

TEKsystems^® Turnover Calculator - How Much Does it Really Cost to Hire Someone?