Abstract:
e little meaning, which Hr managers attach to managing the rate of employee turnover, is mostly
cause by the lack of specific tools to calculate its impact on the profitability of the companies. is
paper presents a universal calculator for calculating the cost of employee turnover, which can be used
in developing various effective retention strategies. more precisely, the research focuses on the expense
of turnover rate in the iT industry in the republic of macedonia, calculated using a web calculator
specifically designed for this purpose. is web calculator can be used to compute the cost of employee
turnover in any industry, with appropriate minor modifications and adjustments of its elements.
