Result
Cost per new hire
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This calculation is for informational purposes only and does not replace advice from a qualified professional. Formulas and rates may not fit your exact situation — double-check the figures before making decisions.
How it is calculated
Total onboarding cost = training and materials + mentor and manager time + lost productivity. Cost per new hire = total cost ÷ number of new hires for the period.
Lost productivity is the least visible line item, but usually the largest one: a new hire earns a full salary from day one but ramps up to full output gradually, and the gap between what they're paid and what they actually manage to produce is real money for the company, even though it never shows up as its own budget line.
Skimping on onboarding almost always costs more later: an undertrained hire ramps up more slowly and is more likely to leave in the first months — which just kicks off a new cycle of recruiting cost (Cost per Hire) and turnover (Turnover Rate).