13 14 48

Please select country
CA-EN
CA-FR
UK
AU
US
NZ
PH
ZA
SG
HK

Candidate Help Centre

Employers
Careers
About
News & events
Contact

13 14 48

Please select country
CA-EN
CA-FR
UK
AU
US
NZ
PH
ZA
SG
HK

Employers
Careers
About
News & events
Contact

What is turnover costing you.

The cost of turnover calculator

Please fill in all the fields below then press the “Calculate” button.

Based on your figures, the total cost of turnover to your organisation is:

Total cost of turnover (per departed employees)

The Drake ‘Principles of Human Capital Management’ are all based on the concept that the return on the dollar savings (in human capital terms) will always exceed the annual expenditure.

Reducing your turnover by just 20%, will save you:

(A typical result of deploying a Drake Talent Management Solution.)

Benchmark employee cost

Departing employee annual base salary *

Calculated annual benefits cost: Estimated at 20% of base salary

Calculated monthly salary + benefits:

Calculated daily salary + benefits: Based on 230 (8hr) working days

Cost of 'covering' a vacant position

Number of days until the vacant position is filled *

Calculated daily cost of 'covering' a vacant position: 33% of departing employee's daily salary + benefits

Total cost to 'cover' vacant position:

Cost to fill a vacant position

HR/Hiring manager's annual salary *

Cost of advertising (online and/or print) *

Cost of resume screening *

Cost of interviews (telephone screening, 1st and 2nd) *

Cost of behavioural and skills assessments *

Cost of background checks (criminal, credit, reference, education) *

Cost of travel/moving expenses (if applicable)

Calculated HR/Hiring manager's hourly rate: Based on 230 (8hr) working days and 20% fringe rate

Total cost to fill a vacant position:

Onboarding and Orientation cost

Trainer/Manager annual salary *

Total training days *

Calculated trainer/manager daily rate: Based on 230 (8hr) working days and 20% fringe rate

Total onboarding and orientation cost:

Cost of productivity ramp-up

Number of working days during first 3 months *

Daily employee cost salary + benefits:

Cost of productivity ramp-up

Number of employees lost (in the last 12 months) *

Indicates mandatory field *

General information.

About Drake International Australia
Terms of use
Privacy policy
Collections statement
Modern slavery - Drake International report
Modern slavery - Drake International policy
Accessible customer service plan policy
Careers within Drake
WorkPro screening & induction
Health & safety reporting
Drake online
Recruitment scams
Drake WellbeingHub

Let's go social.

Stay connected to get news on the latest jobs, events or obtain career advice from Drake through social media.

Subscribe now.

Here is your opportunity to receive the latest job & employment news and insights.

Subscribe now