Turnover and Absence Cost Pack
Use your own numbers to calculate the full cost of replacing an employee, the cost of unplanned absences and coverage, what vacant positions cost, and the potential savings from better retention.
These previews show pages from the files you receive.
HR calculator
Cost of Turnover Calculator
Put a dollar figure on one employee departure. Enter the salaries of the people involved, along with your assumptions about time and other costs.
Try the free browser version for a quick estimate. The Excel workbook lets you set your assumptions once, calculate the cost of each role in its own copy, and see how the formulas work.
$29
- One-time purchase. Editable Excel workbook.
- Your download link appears on the confirmation screen and in your receipt. No account needed.
- Request a full refund within 30 days with one email.
- Licensed for one company's internal HR use. Resale and redistribution are not permitted. Read the license.
Checkout takes place on our store at shop.truestephr.com. Any applicable sales tax appears at checkout before you pay. These files provide general HR information, not legal advice.
Need approval first?
Ready to put your tool to work?
Add a one hour Setup Session, $149
Bring your purchased tool and the situation you are working through. A TrueStep HR practitioner will help you set the inputs, make the first decisions, and identify a practical next step.
See the Setup Session →Where to start
See what one employee departure costs.
The workbook calculates costs from the employee’s exit through the day a replacement reaches full speed.
DecisionKeep good people
IndustryCross-industry
Files4 PDF guides, 1 Excel workbook
ReviewRead our published standard for how we develop our tools, and what we cover for their scope and limits.
Research and standardsRead the reference note behind this tool: What turnover actually costs
Fit
Is this the right fit for your work?
A good fit
- You are planning how to retain good employees and want to understand the cost of losing one.
- You want an Excel workbook you can run again as your figures change.
- You will enter your own figures and want each tab explained.
When to consider another option
- For a quick estimate, use the free Cost of Employee Turnover Calculator in your browser.
- For legal or tax advice about your result, consult a qualified adviser.
- For help running the analysis, explore our advisory services.
What is inside
Every file in the download, by name.
Taken from the kit’s own Start Here guide, so what you see here is what you open after checkout.
PDF · readStart Here: a guide to every file and the order to use them.
PDF · printQuick Reference: the whole workbook on one page, including what each tab does, what to enter, and how to read the result.
PDF · readTrueStep HR Product License: what you may and may not do with your purchased files.
PDF · readUsing This Workbook in Google Sheets: how to upload the file and what to check afterward.
Excel · useCost of Turnover Calculator: 5 tabs: Start Here, Cost of Turnover Calculator, Benchmark, Summary, and Notes.
How to use it
What this workbook does
The workbook calculates the cost of one employee departure, including the time spent by people handling the exit, recruiting, and onboarding. It also accounts for lost output while the position is vacant and while the replacement gets up to full speed.
Your first 15 minutesOpen the Cost of Turnover Calculator workbook in Microsoft Excel or a free equivalent such as LibreOffice. The first tab, Start Here, walks you through every tab. Open the Cost of Turnover Calculator tab and set the pay and time basis at the top, then work down the four stages and replace the amber cells with your numbers. Everything else calculates.
Before you buy
Questions about your purchase
Find details about file formats, delivery, licensing, and refunds.
What exactly do I receive?
You receive 4 PDF guides and 1 Excel workbook, all named in the What is inside section above. This is a one time purchase, delivered as a download, not a subscription.
Are these the real screenshots?
Yes. The first image shows the file set, and the second and third show actual pages from the current download.
Can I use the files in my business?
Yes. You can fill in the Excel workbook for your own internal operations and read or print the PDF guides.
What if I need help applying it?
For help implementing this tool, book a one hour Setup Session for $149. For broader HR support, advisory begins with a short request and a written scope at truestephr.com/pages/advisory. For legal questions, consult qualified counsel.
How do I get the files?
Right after payment, your download link appears on the confirmation screen and again in your email receipt. All files arrive as one ZIP. No account is needed.
What do I need to open them?
You can use Excel, LibreOffice on a computer, or Google Sheets in a browser. LibreOffice and Google Sheets are free alternatives. Any PDF reader opens the guides. See download help.
What if it is not right for us?
Email support@truestephr.com within 30 days for a full refund. No form or explanation is required. The full terms are in the refund policy.
Is this legal advice?
No. It is general HR information and a working method. It is not written to any one state unless the page says so. Where a decision turns on the law, use qualified counsel. See what we cover, and what we do not.
Who may use the files?
One license covers the internal HR work of one legal entity. You may edit the files, brand them, and issue them to your employees. Consultants and groups with several entities need the extended license. See the license.
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