{"id":6750,"date":"2012-07-30T03:57:36","date_gmt":"2012-07-30T03:57:36","guid":{"rendered":"http:\/\/www.yourhrworld.com\/formats\/?p=6750"},"modified":"2012-07-30T08:42:25","modified_gmt":"2012-07-30T08:42:25","slug":"calculating-employee-turnover","status":"publish","type":"post","link":"https:\/\/www.yourhrworld.com\/formats\/hr\/calculating-employee-turnover\/","title":{"rendered":"Calculating Employee Turnover"},"content":{"rendered":"<p><strong>I have Attached Calculating Employee Turnover in Excel Format<br \/>\n<\/strong><\/p><div class=\"69eb924294c115e6505da44099e8df92\" data-index=\"1\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script type=\"text\/javascript\"><!--\r\ngoogle_ad_client = \"pub-0867779017855679\";\r\n\/* 300x250, created 4\/20\/11 *\/\r\ngoogle_ad_slot = \"1035864135\";\r\ngoogle_ad_width = 300;\r\ngoogle_ad_height = 250;\r\n\/\/-->\r\n<\/script>\r\n<script type=\"text\/javascript\"\r\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\r\n<\/script>\n<\/div>\n\n<table width=\"715\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col span=\"9\" width=\"64\" \/>\n<col width=\"139\" \/> <\/colgroup>\n<tbody>\n<tr>\n<td colspan=\"10\" width=\"715\" height=\"51\">Employee Turnover Calculator<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" height=\"27\">Position: Sales Executive<\/td>\n<td colspan=\"2\">Salary Level: Rs.4000\/-<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" height=\"27\">Hiring Costs<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" width=\"576\" height=\"27\">Direct Costs to hire 1 new employee<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" width=\"576\" height=\"27\">Advertising<\/td>\n<td>4,400<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" width=\"576\" height=\"27\">Average fee to employment agencies, placement firm<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" width=\"576\" height=\"27\">Sign-on-bonus<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" width=\"576\" height=\"27\">Referral bonuses to other employees<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" width=\"576\" height=\"46\">Travel and Expenses (include yours and money you reimburse to prespective candidate)<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" width=\"576\" height=\"27\">Other Direct Costs (Uniform Expenses, Name Tag)<\/td>\n<td>600<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" width=\"576\" height=\"27\">Total Direct Costs to Hire<\/td>\n<td>5000<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" height=\"27\">Indirect Costs to hire 1 new employee<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" width=\"576\" height=\"45\">Interviewing (costs of current employees at all levels of interviewing, from initial phone call through final interviews)<\/td>\n<td>12<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" width=\"576\" height=\"27\">Checking References<\/td>\n<td>10<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" width=\"576\" height=\"27\">Lost Revenue (include costs of time spent away from actual jobs)<\/td>\n<td>12<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" width=\"576\" height=\"27\">Miscellaneous indirect Costs (phone, copy, fax)<\/td>\n<td>10<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" height=\"27\">Total Indirect Costs to Hire<\/td>\n<td>44<\/td>\n<\/tr>\n<tr>\n<td height=\"27\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" height=\"27\">Training Costs<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" height=\"27\">Direct Costs to train 1 new employee<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" width=\"576\" height=\"36\">Time spent by person\/people directly responsible for training new hire to do job.<\/td>\n<td>5000<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" width=\"576\" height=\"39\">(i.e. Cost per hour times number of hours)<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" width=\"576\" height=\"37\">Cost per participant of general training programs, training materials, seminars for new hires<\/td>\n<td>3000<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" width=\"576\" height=\"27\">Travel and expenses per participant for above<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" width=\"576\" height=\"27\">Other direct costs<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" height=\"27\">Total Direct Costs to train<\/td>\n<td>8000<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" height=\"27\">Indirect costs to train 1 new employee<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" height=\"27\">General training in Company<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" height=\"27\">On-the-job training costs before employee becomes fully productive<\/td>\n<td>24000<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" height=\"27\">Total indirect costs to train<\/td>\n<td>24000<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" height=\"27\">Estimated Revenue Lost by Vacant Position<\/td>\n<td>225000<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" height=\"27\">TOTAL COSTS: SINGLE EMPLOYEE<\/td>\n<td>37044<\/td>\n<\/tr>\n<tr>\n<td colspan=\"10\" height=\"27\">Annual Cost of Employee Turnover<\/td>\n<\/tr>\n<tr>\n<td colspan=\"10\" width=\"715\" height=\"39\">To Calculate the annual cost of employee turnover, multiply the cost of replacing 1 employee times the number of replacements each year.<\/td>\n<\/tr>\n<tr>\n<td colspan=\"10\" width=\"715\" height=\"27\">i.e. 37044 X 4 = Rs. 1,48,176 \/- (the amount represents total cost against 4 replacements in a year)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><strong><a href=\"https:\/\/www.yourhrworld.com\/formats\/wp-content\/uploads\/2012\/07\/Calculating-Employee-Turnover.xls\">Click Here To Download Calculating Employee Turnover<\/a><\/strong><\/p>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>I have Attached Calculating Employee Turnover in Excel Format Employee Turnover Calculator Position: Sales Executive Salary Level: Rs.4000\/- Hiring Costs Direct Costs to hire 1 new employee Advertising 4,400 Average fee to employment agencies, placement firm &#8211; Sign-on-bonus &#8211; Referral bonuses to other employees &#8211; Travel and Expenses (include yours and money you reimburse to prespective candidate) &#8211; Other Direct Costs (Uniform Expenses, Name Tag) 600 Total Direct Costs to Hire 5000 Indirect Costs to hire 1 new employee Interviewing (costs of current employees at all levels of interviewing, from initial phone call through final interviews) 12 Checking References 10<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[1397,258,1398],"class_list":["post-6750","post","type-post","status-publish","format-standard","hentry","category-hr","tag-calculating","tag-employee","tag-turnover"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Calculating Employee Turnover - HR Letter Formats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yourhrworld.com\/formats\/hr\/calculating-employee-turnover\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Calculating Employee Turnover - HR Letter Formats\" 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