Cost of Employee Turnover 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