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Cost of turnover
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Number of new hires in a period
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How many positions were filled over the period?1
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Turnover costs
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Average salary of interviewers$150,000.00
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Average length of sourcing and interview time (in hours - per open position)55
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Average onboarding/training costs (7 shifts of training - team member and shift lead's time) $700.00
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Opportunity cost of unfilled role (lost sales, overtime expenses, etc.) $800.00
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Total internal recruiting costs per hire$5,466.35
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Advertising and marketing expenses$1,000.00
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Total cost of recruiting for period$6,466.35
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