Employee Value Calculator
Calculate the Cost of Your Open Position (Staff Vacancy)
Have you ever been in one of these situations?
- One of your key Directors just handed in their letter of resignation.
- You have been tasked to launch a new initiative and need to recruit new manager/project lead to your team.
- You have been given a new sales target and realize you need more staff to make your division’s numbers.
Open positions can cost companies hundreds of thousand of dollars each year. How much is your opening costing you?
Use this worksheet to calculate the value of on open position on your team.
| Company Revenue: | $ |
| Payroll is what percentage of revenue? | % |
| Salary for this position: | $ |
| Percentage of Payroll: | |
| What is the anticipated number of weeks this position will be open using your current recruiting methods?: | weeks |
| You should expect a return on this person of: | |
| Hiring Manager Salary: | $ |
| Hiring Manager Productivity: | |
| Your company is losing the following amount each day the position is open: |
