Monthly Employee Turnover Rate Calculator
Understanding Employee Turnover Rate
Employee turnover rate is a key metric for businesses to understand the rate at which employees leave an organization over a specific period. This percentage can indicate various factors, including employee satisfaction, management effectiveness, company culture, and compensation competitiveness. Monitoring this rate helps businesses identify potential issues and implement strategies to improve employee retention.
How to Calculate Monthly Turnover Rate
The formula for calculating the monthly employee turnover rate is as follows:
Monthly Turnover Rate = (Number of Employee Departures during the month / Average Number of Employees during the month) * 100
To find the average number of employees, you sum the number of employees at the beginning of the month and the number of employees at the end of the month, and then divide by two.
Average Number of Employees = (Number of Employees at Start of Month + Number of Employees at End of Month) / 2
Why Track Monthly Turnover?
Tracking turnover on a monthly basis allows for more granular insights into trends. Sudden spikes or dips can often be attributed to specific events, policy changes, or seasonal factors. This timely data enables HR departments and management to react quickly, investigate the causes, and make necessary adjustments to policies, benefits, or work environment to foster a more stable and engaged workforce.
function calculateTurnoverRate() { var employeesStart = parseFloat(document.getElementById("numberOfEmployeesAtStart").value); var employeesEnd = parseFloat(document.getElementById("numberOfEmployeesAtEnd").value); var departures = parseFloat(document.getElementById("numberOfDepartures").value); var resultDiv = document.getElementById("result"); if (isNaN(employeesStart) || isNaN(employeesEnd) || isNaN(departures) || employeesStart < 0 || employeesEnd < 0 || departures 0) { resultDiv.textContent = "Cannot calculate turnover rate when average employees is zero and there are departures."; return; } if (averageEmployees > 0 && departures > averageEmployees) { resultDiv.textContent = "Number of departures exceeds the average number of employees. Please check your inputs."; return; } var turnoverRate = 0; if (averageEmployees > 0) { turnoverRate = (departures / averageEmployees) * 100; } else if (departures === 0) { turnoverRate = 0; // If no employees and no departures, turnover is 0% } resultDiv.textContent = "Monthly Employee Turnover Rate: " + turnoverRate.toFixed(2) + "%"; }