How much does first-year turnover cost?

SHRM estimates replacing an employee costs 50–200% of annual salary. For a $60K role, that is $30K–$120K per turnover event.

What drives the high cost of first-year turnover?

Recruiting cost, lost productivity during vacancy, onboarding investment written off, and knowledge transfer time from the departing employee.

How do I reduce first-year turnover?

Improve job preview accuracy, strengthen the first 90 days onboarding, assign mentors, and conduct stay interviews at 30, 60, and 90 days.

First-Year Turnover Cost Calculator

Calculate total cost of losing a new hire in their first year including recruiting, training, and productivity loss.

Principal ($)

Annual Rate (%)

Years

Compounding / Year

$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. Calculate total cost of losing a new hire in their first year including recruiting, training, and productivity loss. Use the first-year turnover cost result to inform your calculation.

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Frequently Asked Questions

How much does first-year turnover cost?

What drives the high cost of first-year turnover?

How do I reduce first-year turnover?