Hiring Loss
Bad hires cost money. Most companies just don't know how much.
Your recruitment budget shows what it costs to hire. It doesn't show what it costs when the hire doesn't work out. Below, you can calculate your own estimate - free, with no login, and with the full calculation visible.
Calculate your Hiring Loss →Hiring Loss Calculator
How big is the problem in your organization?
In under 2 minutes you'll get an estimate. No login, no requirement for contact details - the result is shown immediately, and the full calculation can be expanded.
- 1Your company
- 2Roles & pay
- 3Your results
Early departures are a subset of total departures.
Result
Fill in the two steps, and your estimated Hiring Loss will appear here - free and instantly. The calculation can be expanded so you can see exactly what drives the figure.
- No email gate before the result
- Benchmark assumptions can be adjusted
- Early departures are not double-counted
The calculation is an estimate, not a set of accounts. The default factors are based on Gallup's published international estimates for replacement cost and are not US-specific company figures. The result does not say what RoleWise will save you - it shows how large the economic exposure around your hiring might be.
What is Hiring Loss?
Most companies know their recruitment budget. Few know their Hiring Loss.
Hiring Loss is RoleWise's term for the financial exposure that builds up around mis-hires, unwanted departures, refilling roles, onboarding and lost productivity. The recruitment budget tells you what the process costs. Hiring Loss is about what it costs when the outcome doesn't hold up.
Recruitment cost
What does it cost to hire?
- Advertising and channels
- Agency and search fees
- HR and manager hours in the process
- Systems and tests
Usually sits in the budget.
Hiring Loss
What does it cost when a hire doesn't become the success we expected?
- Mis-hires
- Early leavers
- Refilling the same role
- Onboarding and ramp-up all over again
- Lost productivity along the way
Rarely sits anywhere.
The problem isn't just finding candidates. It's making better decisions about them.
A resume, an application and a handful of interviews only give a snapshot. And once the candidate becomes an employee, the connection between what the company saw before hiring and what actually happened afterwards tends to disappear. RoleWise can't eliminate all turnover or your entire Hiring Loss - but the part caused by under-informed decisions can be reduced over time.
Frequently asked questions about Hiring Loss
- What is Hiring Loss?
- Hiring Loss is RoleWise's term for the financial exposure that arises around bad hires, unwanted departures, backfilling, onboarding and lost productivity.
- What does a bad hire cost?
- It depends on the role. Gallup's published estimates for replacement cost equate to roughly 40% of annual salary for frontline roles, roughly 80% for professional and technical roles, and roughly 200% for leadership roles. These are national benchmarks, not specific to any one industry, and should be weighed against your own company's numbers.
- Is Hiring Loss the same as recruitment cost?
- No. Recruitment cost is what the process costs: advertising, agencies, systems and time. Hiring Loss is about what it costs when the hire doesn't turn out to be the success that was expected.
- Can RoleWise eliminate our Hiring Loss?
- No. Some staff turnover is healthy and unavoidable. RoleWise works on the part that's caused by poor or under-informed hiring decisions, by making pre-hire signals structured and linking them to what actually happens afterwards.
Start by finding out how big the problem really is.
Calculate your Hiring Loss for free - or experience for yourself how RoleWise talks with a candidate.