Turnover Rate Calculator

Calculate employee turnover rate, analyze retention metrics, and benchmark against industry standards for better workforce management

âœ“ Turnover Analysis âœ“ Retention Metrics âœ“ Industry Benchmarks

Employee Turnover Rate Calculator

Basic Information

Number of Employees Who Left

Average Number of Employees

Time Period

Industry

Detailed Breakdown (Optional)

Voluntary Departures

Involuntary Departures

New Hires in Period

Average Salary ($)

Cost per Hire ($)

Training Cost per Employee ($)

Turnover Formula

Basic Formula:

Turnover Rate = (Employees Left ÷ Average Employees) Ã— 100

Retention Rate = 100% - Turnover Rate

Quick Examples

Tech Startup

High growth, moderate turnover

Retail Chain

Seasonal workforce

Healthcare System

Stable workforce

Industry Benchmarks

Technology: 13.2%

Healthcare: 15.1%

Finance: 11.8%

Retail: 60.5%

Hospitality: 75.0%

Understanding Turnover Rate

Employee turnover rate measures the percentage of employees who leave an organization during a specific period, providing insights into workforce stability and retention effectiveness.

Voluntary turnover: Employees choose to leave
Involuntary turnover: Employees are terminated
Retention rate: Percentage of employees who stay
Cost impact: Financial implications of turnover

Applications

HR Analytics

Track workforce stability and identify retention issues.

Cost Management

Calculate the financial impact of employee turnover.

Strategic Planning

Develop retention strategies and improve workplace culture.