Free Calculator

Hiring vs Reskilling
Simulator

Make smarter workforce decisions in minutes.
Simulate the realistic cost, productivity impact, and time-to-value of hiring new employees versus reskilling existing teams.

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Quantify Your Workforce Decisions

This calculator simulates the realistic time and cost trade-offs between hiring new talent and upskilling existing employees. It goes beyond simple cost comparison by incorporating both financial and time-to-productivity factors.

What it calculates
  • Recruitment and onboarding costs
  • Salary during ramp or training periods
  • Hiring search time and ramp-up to full productivity
  • Probability of success for each scenario
  • Direct reskilling and training costs
Hidden costs it captures
  • Time explicitly spent in training
  • Reduced productivity during training
  • Post-training ramp inefficiencies
  • Senior staff time spent mentoring
  • Risk of unsuccessful hiring or failed reskilling
3–6×
average cost of a bad hire vs. reskilling an existing employee
40%
of new hires leave within the first year, multiplying total costs
4–6 months
average time before a new hire reaches full productivity

Run your simulation

Fill in the details below to get a personalised cost and time comparison for your organisation.