FurstPerson developed the Cost of Attrition worksheet to enable organizations to calculate the actual cost of an employee leaving the company. The worksheet organizes hiring activities and investment areas by category. In using this tool, companies can estimate the fully baked cost of attrition. The worksheet highlights many of the known areas of expense like search firm fees and job advertising. But it also provides guidance on some of the fuzzier or lesser known areas costs areas, including those around vacancy or orientation and training.
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