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Knowing what you don't want is not nearly as useful as knowing what you want. Knowing what you don't want only tells you what things to eliminate from your life. Knowing what you want tells you what to replace them with.
  
 
 
With an understanding of what motivates employees to act and the behaviors that result from those motivations, businesses can begin to more effectively match the right person to the job. Working closely with employers and employees, the TriMetrix system can uncover those behaviors and primary motivators, thus determining the best techniques for working with each individual.
 
   
 
 

Turnover Calculator 

The actual cost of turnover can be very difficult to measure accurately. Often there are hidden costs such as the loss of customer satisfaction, loyalty and customer service. All companies agree that turnover is a major issue facing all human resource departments today and only a through review of all your hiring practices can enable you to stem the flow of dollars going out your door to the competition.

The following chart is an attempt to help you better understand what you are potentially spending when you loose an employee. We hope this will be of benefit to you.

 THE COST OF EMPLOYEE TURNOVER

Separation Costs
Cost of exit interviewer's time............(time x $/hr) $
+ Cost of administrative functions related to termination..(time x $/hr) $
+ Separation pay..........(no/weeks x $/per week) $
+ Increase in unemployment tax $

Replacement Costs
Pre-employment administrative expenses..........( time x $/hr) $
+ Cost of attracting applicants..............(ads, agencies,staff time) $
+ Cost of entrance interviews......(no./interviews x time/per x $/hr) $
+ Testing costs......(skill, drug, etc.--$/per test + $/per hr. labor) $
+ Staff costs..........(staff review of candidates)..(time x $/hr.) $
+ Travel and moving expenses $
+ Cost of post-employment medical exams $

Training Costs
Cost of informational literature                                                $
+ Formal training costs $
+ Informal training costs $

Performance Differential
Differential in performance costs/benefits
(salary differential, learning curve, lost business)                 		 $

TOTAL TURNOVER COSTS PER EMPLOYEE                                              $


 
 
 
 
 
 
   
Copyright Pinnacle Solutions, LLC
20 Trafalgar Square, Suite 431,
Nashua, NH 03063