Question 1

How much does employee turnover cost?

Accepted Answer

Turnover cost = recruitment cost + onboarding cost + lost productivity during vacancy + training cost + reduced output during ramp-up. SHRM estimates average turnover cost at 6-9 months of salary for non-executive roles. For a $60,000 employee that is $30,000-$45,000 per departure.

Question 2

What is a good employee turnover rate?

Accepted Answer

Average annual turnover is 10-15% across most industries. Retail and hospitality run 50-70%+. Technology runs 13-18%. Below 10% suggests strong retention. Above 20% in non-seasonal industries warrants investigation. Voluntary vs involuntary turnover tracking matters more than the headline rate.

Question 3

How is absenteeism cost calculated?

Accepted Answer

Absenteeism cost = (average daily wage x absence days) + replacement cost (agency or overtime) + lost productivity. A team of 100 at $200/day average wage with 5% absence rate (12.5 days per person) costs $250,000 in direct pay alone, before replacement and productivity losses.

Question 4

Are these HR tools free?

Accepted Answer

Yes - completely free, no sign-up required. Results export to CSV or PDF.

Free Human Resources Tools & Calculators

HR calculators that put numbers on people decisions

Human Resources Tools - FAQ