What is the Employee Turnover Calculator?

HeyTaco's Employee Turnover Calculator is a free tool that estimates the financial impact of employee turnover, including hiring, onboarding, and lost productivity costs.

How do I use the Turnover Calculator?

Enter details about your company's turnover rate, average hiring costs, and employee replacement expenses. The calculator will provide an estimate of your annual turnover costs.

How can I reduce employee turnover costs?

Reducing turnover costs involves improving workplace culture, enhancing employee engagement, offering competitive compensation, and implementing strong retention strategies.

Cost of Employee Turnover Calculator 💸

See how much you can save by reducing employee turnover with meaningful recognition.

About the HeyTaco ROI Calculator

Discover the True Cost of Employee Turnover

Employee turnover is more than just a team disruption—it's a significant business cost. The HeyTaco Cost of Turnover Calculator helps you understand the financial impact of employee turnover and how peer-to-peer recognition can reduce these costs.

Why Use the Cost of Turnover Calculator?

🔹 Understand the Real Cost of Turnover – Learn how to calculate the cost of employee turnover by factoring in recruiting, onboarding, and productivity loss.
🔹 Make Data-Driven Decisions – Use industry-backed estimates to determine how reducing turnover can generate cost savings for your business.
🔹 Secure Leadership Buy-In – Show leadership the direct impact of reducing turnover and investing in a culture of recognition.

Key Assumptions & Industry Benchmarks

The HeyTaco Cost of Employee Turnover Calculator is grounded in HR research and industry data, including:

✔️ Employee Turnover Rate – Based on SHRM data, the calculator assumes that 19% of employees leave within their first year.
✔️ Cost of Employee Replacement – SHRM reports that replacing an employee costs 30% to 50% of their annual salary, including recruiting, onboarding, and lost productivity.

How to Calculate the Cost of Employee Turnover

Just enter a few simple details about your company—like team size, average salary, and turnover rate—and the calculator will estimate:

✔️ Potential savings from reducing turnover
✔️ Cost reductions linked to improving employee retention
✔️ The total estimated cost of turnover and how HeyTaco can help minimize it

What Teams Say About Employee Engagement with HeyTaco

It's simple, but meaningful—being able to give a taco with a quick message of thanks or recognition helps build a stronger, more positive culture without feeling forced.
DeAnna R., QA Manager

I love how HeyTaco encourages peer-to-peer recognition in a lighthearted and engaging way. It has strengthened our team culture and helped everyone feel appreciated.
Daniel Alberto J., Fraud Analyst

It's simple, fast, and creates an instant boost in morale. People love getting acknowledged publicly, and the taco format makes it feel fun rather than forced. It's especially great in remote teams where spontaneous praise is harder to give. It also encourages a culture of gratitude.
Samantha G., Proposal Manager

It is a quick and easy way to show recognition and celebrate teammates. Initially, I thought it might be cheesy, but when you are able to acknowledge more wins throughout the organization, they quickly become meaningful.
Elaina C., Compliance Manager

It's low-effort, high-impact culture-building — and honestly, our Slack would feel weirdly empty without it.
Abhinav P., Solutions Engineering

It's brought us closer together as a team, and that's priceless. It also brings more awareness to what everyone's doing, which is another big plus!
Steven B., QA Automation Engineer