Free HR calculator
Caregiver Turnover Cost Calculator
Home care turnover runs 75 to 79 percent a year, and more than half of those exits land inside the first 90 days. Add recruiting and the paid training before the first billable shift. Add the office time on the exit and the refill, and the weeks the schedule runs short. One departure typically lands between $2,600 and $5,000. Here is what it costs your agency, with your numbers.
Before you start
What you will need. Billable rate per hour, Caregiver base wage per hour, Weekly billable hours per caregiver, Weeks from last shift to first solo shift
Your rates
The vacancy while the seat is empty
Hiring the replacement
Advanced options
Training and office time
A year of it
Cost of one departure
Where the cost comes from
The method
What goes into caregiver turnover cost
Published estimates put the cost of replacing one caregiver between $2,600 and $5,000. In an agency the buckets are concrete. They are the money spent hiring and the hours paid before the first billable shift. Then the office time the exit and the refill eat, and the weeks the schedule runs short. This calculator prices all four the same way the in-depth workbook does.
How this is calculated
Recruiting and hiring
Job boards, ads, and any referral bonus. Then the screening and interview hours at your office rate, and the hard costs of the background check, health screening, and onboarding paperwork.
Paid training before the first billable shift
Orientation, shadowing, and supervised visits at the caregiver wage: money out before a dollar comes in. If a trainer shadows those visits, the real number is higher.
Office time on the exit and the refill
Processing the exit, the reschedule calls, the new-hire setup. Small per departure, and it never stops repeating at sector turnover rates.
The unfilled schedule
Refill weeks, times the weekly schedule, times the share that goes unfilled, times the margin between your bill rate and the wage. Usually the biggest line, and the one owners never put a number on.
Carry this into the decision
Put a permanent number on your turnover
The Caregiver Turnover Cost Workbook adds the departure log, the reason ranking, the hiring-source read, and the quarterly review that brings the rate down, in one locked-formula Excel file.
$34. 30 days. Reply to your receipt or email support@truestephr.com for a full refund. No form or explanation is required, and you keep the files.
Related
More free tools and the notes behind them
Put your own numbers in and read the result on screen.
Put your own numbers in and read the result on screen.
Put your own numbers in and read the result on screen.
Put your own numbers in and read the result on screen.
Put your own numbers in and read the result on screen.
Put your own numbers in and read the result on screen.
This tool estimates from the figures you enter. It is general information rather than legal, tax, or accounting advice, so check the result against your own records before you rely on it.