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Sir I think the turnover rate is bad if people are leaving before1 year as traning costs money. If the people are contenuing after1 year and getiing promoted it is good turnover rate. Attrition before1 year should be kept at a minimum.
Add up the monthly employment for the preceding12 months and divide by12 to calculate the average monthly employment. The monthly employment could be simply the average number of payroll deposits per month. If you pay your employees twice a month, then add the number of deposits for each payroll and divide by two to get the average employment for a particular month.
Step 2Determine the total number of separations for the preceding12-month period. You may add the separations for an accounting period, such as a quarter, and project the total for the year. However, this may skew your numbers because of variations in seasonal employment and layoffs.
Step 3Calculate the annual employee turnover rate. It is the ratio of the total number of separations to the average monthly employment for the preceding12-month period, expressed as a percentage. For example, if the number of separations is60 and the average monthly employment is800, then your turnover rate is about7.5 percent [100 x (60/800)].
turnover ratio is a measure of how quickly an asset is replaced during a given time. Turnover may refer to several things, but most often refers to inventory, accounts receivable or employees. In finance, asset turnover ratio
Measuring staff who were appointed during the year compared to staff who have left the same year
Or are compared with those who left during the year, with the total number of employees
Dear Polia
OK. but I need staff turnover. Could you add opinion someone?
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