Replacement Cost Calculator

Cost of advertising for the position

INR spent for local newspaper
INR spent for web advertising
INR spent in other media advertising
Total Advertising

Recruiter Fees

Cost of reviewing resumes

Total hours reviewed by Human Resource staff
Average hourly salary of Human Resource staff
Total HR Cost
Total hours reviewed by other employees within organization
Average hourly wage of other employees reviewing resume
Total Cost Other Departments
Total Cost Reviewing Res

Cost of interviewing Candidates

Hours spent to interview single candidate by Human Resource staff
Average hourly wage of Human Resource staff
Total HR Cost
Hours spent to interview a single candidate by other employees within organization
Average hourly wage of other employees interviewing candidate
Total Cost Other Departments
Typical number of candidates chosen for interview process
Total Interviewing

Costs for Psychological Evaluation/Assessment Center

Cost of single evaluation/assessment
Typical Number of candidates chosen for evaluation/assessment
Total Evaluation/Assessment

Additional Costs for non-local applicants (if applicable)

Travel costs for single candidate (airline tickets, mileage, etc.)
Meal costs for single candidate
Lodging costs for single candidate
Typical number of non-local applicants
Total additional cost for non-local app

Typical moving expenses for selected candidate

Cost of physical examination

Cost of background check

Signing Bonus (if applicable)

Training of new employee
Hours spent by Human Resource staff scheduling and implementing orientation
Average hourly wage of Human Resource staff
Total HR Cost
Hours spent by other staff training/orientating new employee
Average hourly wage of other staff
Total Cost Other Departments

Cost of Hiring New Employee

While hiring new employees is a costly process in and of itself, it is also necessary to estimate what was lost in the departure of the old
it is difficult to "dollarize" the cost of losing a good employee, we ask that you attempt to "guesstimate" answers to the questions below
an accurate picture of the total cost of employee turnover.

Dollar Value of projects not completed by departing employee

INR lost as a result of strengthening the competitor

INR lost as a result of key customers and vendors who valued employee

Cost of Losing Old Employee

Number of other employees lost, now that they are aware of other opportunities

Additional Cost of other employees lost

Total Cost of Employee Turnover

This number is calculated by

adding the total cost of hiring
a new employee plus the cost
of losing an old employee
multiplied by the number of
additional employees lost.
ator

Total Advertising Cost INR 0.00

INR 0.00

INR 0.00
Total Cost Reviewing Resumes INR 0.00

INR 0.00

INR 0.00

Total Interviewing Cost INR 0.00

Total Evaluation/Assessment Cost INR 0.00

al additional cost for non-local applicant INR 0.00

 INR 0.00

INR 0.00 INR 0.00

ng New Employee INR 0.00

t was lost in the departure of the old employee. While

te" answers to the questions below in order to arrive at
nover.

sing Old Employee INR 0.00

her employees lost INR 0.00

mployee Turnover INR 0.00

ated by
of hiring
This number is found by adding
the cost
the cost of hiring a new
oyee
employee, the cost of losing
ber of
the old employee and the cost
lost.
of all additional employees lost
because of the initial instance
of turnover.