Free Tools!

Costing Turnover Calculator

Ever wondered how much it really costs when a valued employee walks out the door? The analysis of turnover costs is a key strategy used by successful businesses to engage senior executives to better manage the diverse needs of their workforce. Research shows that on average the cost of replacing an employee is one year’s salary; for a lawyer that’s $150-200,000 while for a bank teller it’s $30,000. No matter how you look at it, it’s a very significant cost to the business and one that is often not considered. For employers of choice, measuring staff turnover plays a vital part in attracting and retaining good people.

To assist in this process, EOWA has developed a comprehensive Costing Turnover Calculator which allows organisations to measure the true cost of staff turnover in the areas relating to separation, replacement, training, lost productivity in the workplace and consequently, lost business.

This step-by-step program prompts you to enter the specific cost for turnover-related areas and provides a total dollar cost to the organisation which is losing staff. This powerful tool demonstrates why it is imperative for businesses to maximise their female talent.

Employee Opinion Surveys

Consultation with employees ensures that management knows exactly how their employees feel and what they want. It takes assumptions out of the planning process and lets employees know that they are heard in their organisation. Employees are more likely to be supportive of the implementation of policies and procedures if they have been consulted on them.

In addition, consultation with employees is a requirement of the Act as it helps to identify equal opportunity issues for women. Whether it is through one-on-one discussions, part of the performance appraisal process, a formal focus group or an employee survey, consultation enables employees to participate in decisions and share in the responsibility for actions taken.

EOWA’s consultation tools are designed to gain information from your staff about what’s working and what’s not working in your organisation in relation to removing discrimination and advancing women.

We offer a series of three Employee Opinion Surveys, developed by Dr Graeme Russell (Director Work + Life Strategies), which are based on the seven Employment Matters and tiered to the needs of different business – those starting out, moving forward or leading the way.

In addition, an Online Survey Tool has been developed which allows you to automatically select your survey group, generate your survey form and graph the results from staff ready for inclusion in your report to EOWA. This tool is offered as a software program which is run from your local computer.