body {
font-family: 'Segoe UI', Tahoma, Geneva, Verdana, sans-serif;
background-color: #f8f9fa;
color: #333;
line-height: 1.6;
margin: 0;
padding: 20px;
}
.loan-calc-container {
max-width: 800px;
margin: 30px auto;
background-color: #ffffff;
padding: 30px;
border-radius: 8px;
box-shadow: 0 4px 15px rgba(0, 0, 0, 0.1);
}
h1, h2 {
color: #004a99;
text-align: center;
margin-bottom: 20px;
}
.input-group {
margin-bottom: 20px;
display: flex;
flex-direction: column;
align-items: flex-start;
}
.input-group label {
display: block;
margin-bottom: 8px;
font-weight: bold;
color: #004a99;
}
.input-group input[type="number"] {
width: calc(100% – 20px);
padding: 12px;
border: 1px solid #ccc;
border-radius: 4px;
font-size: 1rem;
box-sizing: border-box;
}
.input-group input[type="number"]:focus {
border-color: #004a99;
outline: none;
box-shadow: 0 0 0 2px rgba(0, 74, 153, 0.2);
}
button {
display: block;
width: 100%;
padding: 12px 20px;
background-color: #004a99;
color: white;
border: none;
border-radius: 4px;
font-size: 1.1rem;
cursor: pointer;
transition: background-color 0.3s ease;
margin-top: 10px;
}
button:hover {
background-color: #003366;
}
#result {
margin-top: 30px;
padding: 20px;
background-color: #e7f3ff;
border: 1px solid #004a99;
border-radius: 4px;
text-align: center;
}
#result h3 {
margin-top: 0;
color: #004a99;
}
#turnoverRate {
font-size: 2.5rem;
font-weight: bold;
color: #28a745;
}
.article-section {
margin-top: 40px;
padding: 25px;
background-color: #ffffff;
border-radius: 8px;
box-shadow: 0 2px 10px rgba(0, 0, 0, 0.05);
}
.article-section h2 {
text-align: left;
color: #004a99;
margin-bottom: 15px;
}
.article-section p, .article-section ul, .article-section li {
margin-bottom: 15px;
color: #555;
}
.article-section li {
margin-left: 20px;
}
.article-section strong {
color: #004a99;
}
.formula-display {
background-color: #f0f0f0;
padding: 15px;
border-left: 4px solid #004a99;
margin: 15px 0;
font-family: 'Courier New', Courier, monospace;
font-size: 1.1rem;
overflow-x: auto;
}
@media (max-width: 600px) {
.loan-calc-container {
padding: 20px;
}
button {
font-size: 1rem;
}
#result {
padding: 15px;
}
#turnoverRate {
font-size: 2rem;
}
}
Understanding Employee Turnover Rate
Employee turnover rate is a critical metric for any organization, reflecting the percentage of employees who leave a company over a specific period. A high turnover rate can indicate underlying issues within the company culture, management, compensation, or work environment, leading to increased recruitment costs, loss of productivity, and decreased morale. Conversely, a low turnover rate generally suggests a healthy and stable workforce.
How to Calculate Employee Turnover Rate
The formula for calculating employee turnover rate is straightforward. It involves dividing the number of employees who departed during a specific period by the average number of employees during that same period, and then multiplying by 100 to express it as a percentage.
Turnover Rate (%) = (Number of Employees Who Departed / Average Number of Employees) * 100
To get the average number of employees, you typically sum the number of employees at the beginning of the period and the number of employees at the end of the period, and then divide by two.
Average Number of Employees = (Employees at Start of Period + Employees at End of Period) / 2
However, for simplicity in this calculator, we ask for the "Average Number of Employees" directly. If you have the start and end counts, you can calculate this average beforehand.
Why is Employee Turnover Rate Important?
- Cost Savings: High turnover is expensive. Replacing employees involves costs for recruitment, onboarding, training, and lost productivity.
- Productivity & Efficiency: Frequent departures disrupt workflows and can lead to a decline in overall team productivity.
- Morale & Culture: A high turnover rate can negatively impact the morale of remaining employees, creating uncertainty and potentially fostering a negative work environment.
- Identifying Issues: Analyzing turnover can help pinpoint specific departments, managers, or policies that may be contributing to employees leaving.
- Benchmarking: It allows companies to compare their turnover rates against industry averages to gauge their competitiveness.
Interpreting the Results
The calculated percentage indicates the rate at which employees are leaving. What constitutes a "good" or "bad" turnover rate varies significantly by industry, company size, and job role. For example, high-skill or in-demand positions might naturally have higher turnover than stable, long-term roles. It's crucial to track this metric over time and benchmark it against relevant industry standards to understand its implications for your organization.
Example Calculation
Let's say a company had 120 employees at the start of the year and 100 employees at the end of the year. During that year, 20 employees departed.
- Average Number of Employees = (120 + 100) / 2 = 110
- Number of Employees Who Departed = 20
- Time Period = 12 months
Using the calculator inputs:
- Employees Departed: 20
- Average Employees: 110
- Time Period: 12
The turnover rate would be calculated as: (20 / 110) * 100 = 18.18%. This means that, on average, 18.18% of the workforce left the company over the 12-month period.
function calculateTurnoverRate() {
var employeesDepartedInput = document.getElementById("employeesDeparted");
var averageEmployeesInput = document.getElementById("averageEmployees");
var timePeriodInput = document.getElementById("timePeriod");
var resultDiv = document.getElementById("turnoverRate");
var resultMessageDiv = document.getElementById("resultMessage");
var employeesDeparted = parseFloat(employeesDepartedInput.value);
var averageEmployees = parseFloat(averageEmployeesInput.value);
var timePeriod = parseFloat(timePeriodInput.value);
resultDiv.style.color = "#28a745"; // Reset to success green
resultMessageDiv.innerText = "";
if (isNaN(employeesDeparted) || isNaN(averageEmployees) || isNaN(timePeriod)) {
resultDiv.innerText = "Invalid Input";
resultDiv.style.color = "#dc3545"; // Error red
resultMessageDiv.innerText = "Please enter valid numbers for all fields.";
return;
}
if (employeesDeparted < 0 || averageEmployees <= 0 || timePeriod <= 0) {
resultDiv.innerText = "Invalid Input";
resultDiv.style.color = "#dc3545"; // Error red
resultMessageDiv.innerText = "Number of departed employees cannot be negative. Average employees and time period must be positive.";
return;
}
var turnoverRate = (employeesDeparted / averageEmployees) * 100;
// Display the result
resultDiv.innerText = turnoverRate.toFixed(2) + "%";
// Optional: Add context or interpretation
var message = "";
if (turnoverRate = 5 && turnoverRate = 15 && turnoverRate < 25) {
message = "This turnover rate is on the higher side. Consider investigating reasons.";
resultDiv.style.color = "#ffc107"; // Warning yellow
} else {
message = "This is a high turnover rate. It's crucial to address potential issues.";
resultDiv.style.color = "#dc3545"; // Error red
}
resultMessageDiv.innerText = message;
}