TABLE 3.
Authors (year) | Costs per turnover | Ratio of turnover costs to salary | Total Turnover cost | Percentage for turnover cost of category |
---|---|---|---|---|
Jones (2005) | $62,100–67,100 | 1.2–1.3 | $5.9–6.4 million |
‐ Prehire, 80–86% (vacancy = 72–78% of total costs) ‐ Post‐hire, 14–20% (orientation/training = 8–9% of total costs) |
Jones (2008) | $82,000–88,000 | N/A | $7.9–8.5 million |
‐ Prehire, 82–87% (vacancy = 70–78% of total costs) ‐ Post‐hire, 13–18% (orientation/training = 7–8% of total costs)* |
Kim (2016) | 8,111,163 in KRW | 0.25 | N/A |
‐ Prehire, 9% (vacancy = 5% of total costs) ‐ Post‐hire, 91% (productivity of new hire = 88% of total costs)* |
North and Hughes (2006) | N/A | N/A | 57,893 in NZ$. |
‐ Direct, 80% (temporary replacement costs = 70% of total cost) ‐ Indirect, 20% (orientation/training = 18% of total costs) |
North et al. (2013) | 23,800 in NZ$ | N/A | N/A |
‐ Direct, 87% (temporary cover costs = 83% of total costs) ‐ Indirect, 13% (preceptor costs = 6% of total costs)* |
O'Brien‐Pallas et al. (2006) | $21,514 | N/A | N/A |
‐ Direct, 29% (temporary replacement = 20% of the total costs) ‐ Indirect, 71% (productivity of new hire = 45% of the total costs)* |
Roche et al. (2014) | $49,225 per FTE in Australian dollars | N/A | N/A |
‐ Direct, 49% (temporary replacement = 44% of the total costs) ‐ Indirect, 51% (termination = 25% of the total costs) |
Ruiz et al. (2016) | R$2,759.69 | 3 | R$314,605.62 |
‐ Prehire, 32% (vacancies = 30% of the total costs) ‐ Post‐hire, 68% (decreased productivity of newly hired professional = 64% of the total costs) |
Waldman et al. (2004) | $23,487 (Pareto LC) –31,486 (linear LC) | N/A | $6,130,107‐$8,217,846 |
‐ To hire, 5–7% ‐ To train, 50–67% ‐ CoRP, 26%‐45%* |
Note: CoRP, cost of reduced productivity; FTE, full‐time equivalent; KRW, South Korean Won; LC, learning curves; N/A, not applicable; NZ$, New Zealand dollars; R$, Brazilian currency.
Calculated by the author based on the cost of each category reported in the article.