Calculate The Cost Of Turnover

Dear Bob,Is the multiplier value of 0.25 based on research findings or calculated using certain figures? If it is the latter, how is the value obtained? Also, in line 7, how can that be interpreted in terms of calculations?Expecting an enlightening reply.Thanks,...

Subject: Excel Workbook for Calculating Turnover CostPlease use the attached Excel workbook to calculate the cost of turnover.Bob GatelyEmail: gately@csi.com

Hello Ann:How is the multiplier derived in line 4 - is it a random number, or is there a formula to arrive at the multiplier figure of 1.25?The multiplier is 1.25 for employees who have annual pay rates between US$20,000 and US$40,000.Is the multiplier value of ...

Hi Bob,Thank you for your response. I tried inputting values in rupees into the calculator. I obtained numbers and values that appear quite realistic. All I need to do now is compare last year's cost of turnover as calculated by the company using their methods a...

Hello Akil:The calculator is a very promising tool.Thanks, it is based on the Bliss-Gately Tool, which is an Excel workbook I developed from the article by Bill Bliss, my co-author, entitled "The Cost of Turnover." We were going to give the workbook away, but it...

Thank you for the information. Kindly click on the following link. It will provide you with the required information: [https://www.citehr.com/search_new.php?q=calculate+the+cost+of+turnover&submit=Go](https://www.citehr.com/search_new.php?q=calculate+the+cost+of...

Thanks, Amith. :-)I would like to know if there is some methodology or some best practices that organizations follow to calculate the cost of replacement. How can this be measured/quantified?Regards, Shanti

Hi Shanti,This is an interesting question. When it comes to replacing an employee, the important thing is for which position. Normally, when it comes to replacing a senior person, the cost of replacement might be higher compared to someone at a junior level. For...