Cost of Bad Hire Calculation
Job Title
Salary per
year
month
week
day
hour
of employee
Number of weeks before termination decision
Percent of salary paid considered wasted
%
Number of weeks for severance
Benefits as a percent of salary
%
Training Costs
Average Salary per
year
month
week
day
hour
of coaches
Coaching hours spent on employee
Recruiting costs to replace employee
Advertising costs to replace employee
Relocation costs for employee
Intangible costs (mistakes, lost productivity, customer ill will, reduced employee morale, lost sales, lost opportunities)
Other Costs (describe)
Other Costs (describe)