Result
Total turnover cost
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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 turnover cost = cost of replacing one employee × number of departures over the period. The formula is simple — the real work is honestly estimating the replacement cost: hiring one person (Cost per Hire) plus getting them to full productivity (onboarding cost).
This total doesn't include harder-to-measure but real losses: knowledge and relationships that leave with the departing employee, a dip in team morale, and the temporary overload on remaining staff while the position stays open. Real turnover cost usually runs higher than this figure.
This metric turns the percentage from the Turnover Rate calculator into an actual dollar amount — making it easier to justify retention investment to leadership: cutting turnover by a few percentage points directly saves this amount, multiplied by the number of people retained.