Savings Calculator

Recruitment Data

Number of employees

Where the business is growing, use the projected staff number six months from now

00
500

Increase max value by two

Weeks of lost productivity for training

Training a new employee absorbs the time of staff doing training

00
13
Percentage Staff Turnover past 12 months

Number of staff shed (for any reason) divided by original number of staff multiplied by 100

00
50
Job Advertising Costs [$K] per Annum
00
500

Increase max value by two

Typical Salary [$K Annual]

In thousands. Not an average... choose a mid-range salary or use "most-common" salary multiplied by 1.4

00
150
Agency Recruitment Costs [$K] per Annum
00
500

Increase max value by two

Weeks of lost productivity for leaving employee

Consider gaps during replacement, loss of motivation during notice period, lost productivity due to handover requirements etc

00
13
In-house Recruiter Hours per Hire*

Consider time drafting and placing job advertisements, receiving and reading resumes, scheduling and conducting interviews, handling incoming queries and calls etc. * Recruiter salaries costed at 30% premium to your typical salary

00
50
Weeks of lost productivity for joining employee

Factor in both time to train and time until fully productive

00
13
Fixed Costs per Hire

Medical and drug screen costs, uniform, keys, computer, workstation, IT time setting up email, access etc

00
500

Increase max value by two

Typical Savings with Talent Tier

New Staff Turnover Cost Savings

Percentage Savings from reductions in New Staff costs

10%30%
100%
In-house Recruiter Savings

Percentage Savings from reductions in in-house recruiter time-savings as a result of reduced staff turnover

10%80%
100%
Job Advertising Cost Savings

Percentage Savings from reductions in job advertising costs as a result of reduced staff turnover

10%50%
100%
Fixed Cost Savings

Percentage Savings from reductions in fixed recruitment costs as a result of reduced staff turnover

10%50%
100%
Recruitment Agency Savings

Percentage Savings from reductions in recruitment agency costs as a result of reduced staff turnover

10%20%
100%

Total Savings

$0

Hiring Costs per Annum

Total Costs:

$10,000

Total Lost Productivity Costs

$2,000

Total Fixed Costs

$2,000

Total Job Advertising Costs

$2,000

Total In-house Recruitment Costs

$2,000

Total Recruitment Agency Costs

$2,000

Hires per annum:0
Total Lost Productivity Weeks:0

Email total results