Nobscot Savings Calculator

Calculate ROI of Employee Turnover Reduction



Enter Data

 

Number of Employees

  Current # of EE terms/month:
  Estimated Cost per termination¹:
  Turnover Reduction Goal:
 

Results

  Current Annual Turnover Ratio: 0.0%  
  Improved Turnover Ratio: 0.0%  
  U.S. Voluntary Turnover Rate²: 20.2%  
  Employee Savings³ =
0  
  Your Dollar Savings = $0.00  


¹ Average cost per terminating employee is often cited as 30% to 50% of annual salary. For example, if the average salary of all terminating employees is $30,000.00/year, then the average cost to the company per employee at 30% would be $9,000.00/year (.3 x $30,000.00=9,000.00).
² U.S. National Voluntary Turnover Rate for last 12 months ending October 2015 as reported by the U.S. Bureau of Labor Statistics.
³ Number of additional employees retained


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