Enter the average number of employees over the past 12 months and the number of employees that have left over that same period. The calculator will evaluate the turnover rate of your company.
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Turnover Rate Formula
The following equation can be used to calculate the turnover rate of a company.
TR = L / AVE *100
- Where TR is the turnover rate (%)
- AVE is the average number of employees over the last 12 months (or other periods)
- L is the number of employees leaving over the same period
To calculate the turnover rate, divide the number of employees leaving over a period by the average number of employees over the last 12 months.
Turnover Rate Definition
A turnover rate is defined as the ratio of employees that leave a company to the number of total employees over a given period.
Turnover Rate Example
How to calculate turnover rate
- First, determine the average employee count.
Determine the average number of employees the company had over a certain time period, for example, 6 or 12 months.
- Next, determine the number of employees that have left.
This should be counted over the same time period as step 1.
- Calculate the turnover rate
Calculate the turnover rate using the information from steps 1-2 and the equation above.
FAQ
Turnover rate is the rate at which people leave a company after being employed with said company.
Through positive working environments and good benefits, companies can retain employees for longer.