Research shows that a well-executed onboarding process can reduce employee turnover and lead to long-term job satisfaction.

That means that a poor onboarding process risks creating dissatisfied new hires who are more likely to leave the company within their first year.

This calculator helps you understand just how much money this increased employee turnover can cost the company — and how much money a good onboarding process can save.

Just enter a few details about your company and your current employee turnover rates, and get an estimate of your total hiring costs.

By tweaking the details, you’ll see that even small improvements in onboarding can save significant amounts by reducing the level of employee turnover.