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NOTICE PERIOD
Green Money Costs
1)
Last paycheck, accrued vacation, separation pay
$
2)
Increased unemployment tax
$
3)
Continued benefits
$
Total Green Money Cost: $
Blue Money Costs
1)
Administrative costs for processing the separation: process benefits; contact unemployment office, Payroll, IS departments; schedule exit interview; etc.
$
2)
Lower productivity: employee, peers, supervisor, subordinates
$
3)
Exit interview, transition meetings
$
Total Blue Money Cost: $
VACANY PERIOD
Green Money Costs
1)
Advertising and recruiter fees
$
2)
Interview expenses (meals, mileage, or other)
$
3)
Printing costs for company marketing materials
$
4)
Assessments
$
5)
Criminal checks, reference checks, credit checks, etc.
$
6)
Medical exams and drug tests
$
7)
Temporary/contract employee costs
$
8)
Overtime costs
$
9)
Relocation expenses and salary
$
Total Green Money Cost: $
Blue Money Costs
1)
Lost productivity: peers, supervisor, subordinates
$
2)
Advertising creation and placement
$
3)
Recruiter selection
$
4)
Administrative costs: ordering forms and copies of annual reports, scheduling and scoring assessments, coordinating with hiring manager and others, etc.
$
5)
Resume screening
$
6)
Interviews: first, second, third
$
Total Blue Money Cost: $
HIRING/ORIENTATION PERIOD
Green Money Costs
1)
Orientation materials (handbook, video, handouts, etc.)
$
2)
Formal training programs (materials, course fees)
$
3)
Informal one-on-one training (materials, if any)
$
Total Green Money Cost: $
Blue Money Costs
1)
Orientation participants' salaries
$
2)
Lost productivity: peers, supervisor, subordinates
$
3)
Administrative costs: orientation setup, ordering materials, etc.
$
4)
Informal training and one-on-ones
$
Total Blue Money Cost: $
HIDDEN COSTS
1)
Missed deadlines and shipments
$
2)
Loss of organization knowledge
$
3)
Lower morale due to overwork
$
4)
Learning curve
$
5)
Client issues due to turnover
$
6)
Loss of client relationships
$
7)
Disrupted department operations
$
8)
Chain reaction turnover
$
Total Hidden Cost: $
GRAND TOTAL REPLACEMENT COST: $
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