Employee Turnover Rate Calculator
Understanding Employee Turnover Rate
Employee turnover rate is a crucial metric for businesses to understand the rate at which employees leave an organization over a specific period. A high turnover rate can be costly, impacting productivity, morale, and recruitment expenses. Conversely, a low turnover rate often indicates a healthy and stable work environment. Calculating this rate helps businesses identify potential issues within their HR strategies, management practices, or company culture.
How to Calculate Employee Turnover Rate:
The standard formula for calculating employee turnover rate is:
Turnover Rate = (Number of Employees Who Left During Period / Average Number of Employees During Period) * 100
To find the 'Average Number of Employees During Period', you add the number of employees at the start of the period to the number of employees at the end of the period and then divide by two:
Average Number of Employees = (Number of Employees at Start + Number of Employees at End) / 2
Example Calculation:
Let's say a company had 100 employees at the beginning of the quarter, 110 employees at the end of the quarter, and 15 employees left during that quarter.
- Calculate the Average Number of Employees:
(100 + 110) / 2 = 210 / 2 = 105 employees
- Calculate the Turnover Rate:
(15 / 105) * 100 = 0.142857 * 100 ≈ 14.29%
Therefore, the employee turnover rate for this quarter is approximately 14.29%. This figure can then be compared to industry benchmarks or previous periods to assess performance.
function calculateTurnoverRate() {
var startEmployees = parseFloat(document.getElementById("numberOfEmployeesAtStart").value);
var endEmployees = parseFloat(document.getElementById("numberOfEmployeesAtEnd").value);
var employeesLeft = parseFloat(document.getElementById("numberOfEmployeesWhoLeft").value);
var resultDiv = document.getElementById("result");
if (isNaN(startEmployees) || isNaN(endEmployees) || isNaN(employeesLeft) || startEmployees < 0 || endEmployees < 0 || employeesLeft < 0) {
resultDiv.innerHTML = "Please enter valid positive numbers for all fields.";
return;
}
var averageEmployees = (startEmployees + endEmployees) / 2;
if (averageEmployees === 0) {
resultDiv.innerHTML = "Average number of employees cannot be zero. Please check your input.";
return;
}
var turnoverRate = (employeesLeft / averageEmployees) * 100;
resultDiv.innerHTML = "
Your Employee Turnover Rate:
" + turnoverRate.toFixed(2) + "%";
}
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