The Employee Onboarding Cost Calculator

Try our onboarding cost calculator to see how much you can save today with AcademyOcean onboarding training LMS

The Employee Onboarding Calculator

How Much Does Onboarding
A New Employee Cost?

Check it out for yourself

Using our calculator below

New Еmployee(s) Cost

$

114286

Average salary per hour

$6

Number of hours of training

192

Background

How To Calculate The Cost Of Adaptation?

Our calculator with LMS software integrations will help you understand the much-needed approximate budget for onboarding in your company, taking into account the adaptation period and the salary of the onboarding specialist, for example, using an LMS for the food industry.

With this foundation, you can refine calculations using parameters specific to your sector. For example, an LMS for food industry professionals enables companies to customize onboarding and training processes to meet strict regulatory standards and adapt to the industry’s evolving requirements.

Consider your company size, existing processes, and any other factors that can significantly impact the efficiency and effectiveness of your onboarding efforts with LMS software integrations.

How To Calculate The Cost Of Adaptation?

What Factors Affect The Cost Of Adaptation?

Companies usually start thinking about automation, specifically implementing manufacturing training software, only after they've actually calculated the cost of onboarding new employees and hiring in general, which is measured using a hiring cost calculator.

If you're here, you're already on the right track. Remember to consider all the essential parameters—especially when evaluating an LMS for hospitality software—to ensure you draw the correct conclusions!

Key factors influencing the cost of onboarding:

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Company size

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Organizational structure

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Personal or remote onboarding

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Creating a new role or replacing an employee

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Number of people involved

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Introductory Resources

Organizational Structure

Company Size

The size of the company directly impacts the cost of employee onboarding. For example, the larger the company:
The more stages in the onboarding process
More employees involved in the adaptation
More information for newcomers to learn.

The list of training needs goes on and on, which is precisely why large companies are more inclined to use a specialized restaurant training platform for onboarding automation.

Organizational Structure

A clear organizational structure has no more effect on your cost calculations than it does on your cost savings. If your company has clearly defined roles & responsibilities and documented SOPs, you will save at least half of onboarding costs.

Personal Or Remote Onboarding

What is your company's hiring and onboarding format? For example, if you use a restaurant training platform, which would you prefer: face-to-face, virtual, or blended?

With face-to-face onboarding, keep in mind the additional costs associated with moving or renting and accordingly paying for mentor time.

Online adaptation will significantly reduce costs, especially since modern platforms let you not only create courses and tests but also conduct video calls with employees.

In each case, training is an integral part of the process. You can use the Training Cost Calculator to dig deeper into these costs.

Personal Or Remote Onboarding
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Number Of People Involved In Adaptation

Consider all involved employees' time (salary) when calculating the onboarding cost. Usually, HR, managers, and coworkers come to mind.

But in fact, the range of people involved is much wider: security officer, financial department, IT specialist, office manager, and those who will create the learning materials.

By the way, if you are working not only on corporate programs but also creating your own courses, you may find the Online Course Earnings Calculator helpful.

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Create A New Role Or Replace An Employee

When creating a new role, don't forget to budget time and resources for developing an onboarding program and training content.

Depending on the position, it can take anywhere from 2 weeks to 12 months of training for a new employee to become at least as productive as colleagues.

Introductory Resources

Finally, having an internal knowledge base, SOPs, job descriptions, etc., greatly impacts costs. An online knowledge base can help you avoid paperwork and save managers time. After all, you can use ready-made resources for every next new hire.

AcademyOcean LMS for hospitality software will provide all the tools to create an onboarding program: personal employee profiles, progress map, online courses, and knowledge assessment quizzes.

Introductory Resources

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