Talent Summoner

Free calculator

What is that empty seat actually costing you?

Four numbers you already know, one assumption you can change, and the full working printed underneath. No sign-up, nothing saved.

Your numbers

Base pay you have budgeted, before bonus.

From opening the role to the new hire's first day.

The company, or just the team this role sits in.

Headcount for whichever of the two you entered above.

Assumptions

This one is a judgement call rather than a fact, so it is a field you can change instead of a number we hid in the code.

The rest gets absorbed by the team. Keep it low unless the seat is genuinely uncovered.

Cost of the vacancy

$7,693

About $769 for every week the seat stays open.

How that number is made

Revenue per headannual revenue ÷ people$400,000
Output lost each weekrevenue per head ÷ 52 × lost share$3,077
Output lost while the seat is openoutput lost each week × time to fill$30,770
Salary you are not payingannual salary ÷ 52 × time to fill−$23,077
Cost of the vacancy$7,693

What this leaves out

Ramp-up time before a new hire is at full speed, overtime paid to cover the gap, agency fees, and the cost of a rushed hire. All of them push the number up. They are left out so the figure is one you can defend in a budget meeting.

Fill the seat sooner.

The number above scales with how long the role stays open. Talent Summoner finds and ranks candidates for you, so the weeks go on deciding rather than searching.

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