From Info-Tech Research Group | Sep 17, 2009
By calculating the cost of employee departure, the enterprise can prioritize retention efforts accordingly. A high cost of employee departure makes employee retention all that more important.
Use this Total Cost of Turnover Worksheet to help you list and organize all the costs associated with employee turnover. The costs are neither exclusive nor exhaustive, so be sure to speak with Human Resources personnel for greater knowledge of your company's recruiting, training, retention, and termination policies.
The attached ZIP file includes:
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Intro Page.doc
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Cover Sheet and Terms.pdf
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Total Cost of Turnover Worksheet.xls
