HR professionals recognize increasing importance of owning the staff turnover fiscal metrics – turnover costs – as part of the value HR provides to the company. Knowing the costs of turnover can assist an employer in identifying pockets of the organization where reducing turnover may drive substantial cost reductions. ’s Cost of Turnover Management application utilizes an aggregate turnover cost calculation model and cost specific models. The models are parameter-driven and user-configurable. From the user interface, wizard-based features allow the following manipulations:

• Include/Exclude the cost categories, and cost types within the category
• Select calculation formulas, set coefficients and default values.
• Include custom cost types defined for any transactional or linked data elements.

Based on the cost of turnover calculations provides flexible reporting, multi-dimensional analysis as well as custom applications for planning and budgeting.

The Cost of Turnover Setup offers a high level of customization of the cost calculation model. It allows for the selecting/deselecting of a cost type under a complete set of cost categories offered by the Employment Management Association (EMA).

The selected cost types are automatically added to the Categorized and Total Costs of Turnover calculations. For the transaction arguments of the selected cost type, the setup automatically creates an optimized data storage and data entry interface.

The application includes an intelligent reporting module with a variety of the standard parameterized reports to present various summaries and groupings of the categorized costs for a selected time period. Special reports can be added on customer request during the implementation. Ad hoc reporting capabilities are provided by the Cost Analyzer module, which allows the users to produce conditional summary reports.

The current analytical capabilities within the application create the foundation for the planning module currently under development. This module will enable multi-variant planning of hiring and succession strategies.