Total Cost of Turnover Worksheet

Use this worksheet to help you list and organize all the costs associated with employee turnover. The costs are neither exclusive nor
exhaustive, so be sure to speak with Human Resources personnel for greater knowledge of your company’s recruiting, training,
retention, and termination policies.
 Costs Associated with Employee Turnover

Exit Costs
These are the costs involved with the actual process of Total Cost of Turnover
terminating an employee. Summary of all costs.
Estimated
Cost Total exit costs -
Departee’s wages for exit interview Total overtime costs -
Interviewer’s wages for exit interview Total recruitment costs -
Total productivity and
Administrative costs for termination training costs -

Severance pay for departee Total miscellaneous costs -

Loss of skills, knowledge, and contacts Total of All Costs -
Total exit costs -

Overtime
These are the costs that are incurred as remaining staff
works extra hours to compensate for productivity losses.
Estimated
Cost
Extra hours to be worked
Staff wages
Total overtime costs -

Recruitment
These are the costs that were incurred when the employee was
first hired and/or screened for employment.
Estimated
Cost
Cost of advertising
Cost of recruiting agency (if required)
Cost of interviewer’s time
Cost of screening resumes
Relocation expenses (if necessary)
Administrative costs
Total recruitment costs -

Productivity and Training

These are the total costs associated with the employee’s initial
training and ramp-up time.
 Estimated
Cost
Productivity loss for first six months
Cost of supervisor’s time
Cost of literature, materials, and training supplies
Cost of informal training
Company- or industry-specific training costs
Additional training costs
Total productivity and training costs -

Miscellaneous
The following costs could be intangible costs, or costs that are
not directly correlated with employee termination.
Estimated
Cost
Loss of business opportunity
Loss of morale
Loss of customer confidence
Consulting and/or contractor fees
Project slippage, scope creep, missed deadlines
Total miscellaneous costs -