How do I calculate staff turnover as a percentage?
Quick Answer
Divide the number of employees who left the organization during that specified time period by the average number of employees employed during the same period of time to find the employee turnover rate percentage. The lower the percentage, the better an organization is at retaining employees.
Continue ReadingFull Answer
- Establish a time frame
Determine the time frame for which you want to calculate the staff turnover. You may calculate by quarter, by year or by some other time frame.
- Consider the average number of employees
Determine the average number of employees employed during the specified time frame was. For example, if an organization had 19 employees for six months and 21 employees for six months, the average number of employees for the year would be 20.
- Determine how many employees are no longer employed
Calculate how many employees from the measured period of time are no longer employed in the organization. This could be for any reason, including termination from employment or employees choosing to leave for another job. For the sake of this example, assume the number is five.
- Calculate the percentage
Divide the number of employees who are no longer employed by the average number of employees during the established time period to get the percentage. In this example, five divided by 20 equals 0.25. So the staff turnover as a percentage is 25 percent.
Related Questions
-
Q:
How do you calculate RevPAR?
A: To find the RevPAR of a hotel, multiply the average occupancy rate during a given time period time by the average daily room rate. RevPAR stands for revenu... Full Answer >Filed Under: -
Q:
What is "net turnover"?
A: Net turnover is a value that takes on different meanings across business processes, but it generally refers to a figure measuring the arrival of new employ... Full Answer >Filed Under: -
Q:
Are there legitimate credit cards that offer 0 percent APR?
A: There are credit cards that have an annual percentage rate, or APR, of 0 percent, but this rate is only in effect for a limited period of time and goes up ... Full Answer >Filed Under: -
Q:
How do you calculate the money factor on a lease?
A: In order to calculate the money factor, multiply the annual percentage rate (APR) by 2400. The answer to this multiplication problem is the interest rate t... Full Answer >Filed Under:
You May Also Like
-
Q:
How can you create child care slogans?
-
Q:
Where can you find an example of a profit and loss template for a small business?
-
Q:
How do you calculate biweekly salary?
-
Q:
How do you calculate interest on U.S. Treasury HH savings bonds?
-
Q:
How do you calculate equipment rental rates?
-
Q:
How does a person calculate capital allowance?
