ROI Calculator

The following calculator will help you to better estimate and understand how using JTe Assessments can drastically reduce your hiring costs. The calculations include:

1. Your actual total hiring costs per employee including recruitment, hiring and training.
2. Your total turnover costs per year.
3. Your potential costs savings of reducing your turnover.

1. YOUR ACTUAL HIRING COSTS (for ONE position) RECRUITING COSTS:
Time to create job description:	$
Advertising of position:	$
Time to review all applications:	$
Time to phone-screen all applicants:	$
Internal referral finder fee:	$
Recruiting firm/external finder fee:	$
Interviews: (Total interviews x cost per interview)	$
Travel/accommodation costs (yours and/or theirs):	$
Your Actual Recruiting Costs      $
HIRING COSTS:
Time to prepare offer:	$
Time for negotiation/legal work:	$
Travel/accommodation:	$
Employee documentation:	$
Equipment provisioning (computer, email, phone, car...):	$
Relocation:	$
Orientation time/resources:	$
Your Actual Hiring Costs      $
TRAINING COSTS:
Travel/accommodation:	$
Training materials:	$
Internal training (or lost productivity):	$
External training:	$
Management time:	$
Your Actual Training Costs      $
WAGES and BENEFITS (for New Hires)
Lost productivity/time of employee ("bringing up to speed")	$
Lost revenue (if impacted, eg. sales)	$
Lost customers/opportunities (eg. customer contact with new hire)	$
Your Actual Wages and Benefits Costs      $
REPLACEMENT COSTS:
Severance:	$
Legal costs:	$
Outplacement:	$
Counseling/ Internal management of departure:	$
Additional management time:	$
Your Actual Replacement Costs      $
Your Actual Hiring Cost Per Employee Is     $
2. Your TOTAL TURNOVER COSTS per year
Total employees in Division	#
Replacement hires per year	#
Your Annual Turnover Percentage Is   (%)
Calculated Hiring Cost Per Employee	$
Your Total Annual Turnover Cost Is     $
3. COST SAVINGS of REDUCED TURNOVER
Reducing my annual turnover from	(%)
to	(%)
Would Save My Company     $

Implementing JTe Assessments is a highly effective way to reduce your turnover! Furthermore, JTe Assessments cost only a fraction of your total turnover savings potential. Contact Us today for free consultation.