Attrition Rate Calculator
Turnover Rate Calculator
How can you determine your employee turnover rate correctly? Our free employee turnover rate calculator helps you measure staff attrition rate at your company by calculating the percentage of employees who leave your organisation. Use our tool to specify your turnover annually, quarterly, or monthly to identify trends and develop effective retention strategies.
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Turnover Rate Calculator Results
Annual Turnover Rate
Industry Comparison
Note: Industry averages vary significantly. Hospitality, retail, and technology typically have higher turnover rates, while government, construction, and manufacturing tend to have lower rates.
Calculation Formula
Formula: Employees Left ÷ ((Start + End) ÷ 2) × 100
Calculation: 7 ÷ ((100 + 95) ÷ 2) × 100 = 7 ÷ 0.0 × 100 = 0.0%
Method: Start and end calculations (commonly used for annual/quarterly periods)
Step-by-Step Guide
How to calculate employee turnover rate?
Calculate your organisation's employee turnover rate and get actionable insights in 4 simple steps:
Choose Your Calculation Method
Select either the 'Start and End Calculations' method, which means you enter the number of employees at the beginning and end of a period, or 'Average Employees Calculations', which is the average number of employees during this specific period.
Select Time Period
Choose your 'Time Period', which annual is commonly used for benchmarking, quarterly for tracking trends, and monthly for detailed insights.
Enter Your Data
Enter the number of your employee for your selected period. Include all employees who are on payroll and those on temporary leave. But, exclude agency temporary workers and internal transfers.
Analyse Results
Review your turnover rate, industry comparison, and recommended actions to improve employee retention strategies. Feel free to check our calculation formula as well.
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Frequently asked questions
Visit our full FAQ page or get in touch with Frederic, Co-Founder of PayrollRabbit.
- Employee turnover is the number of employees who come and go over a specific period. It includes voluntary departures, such as resignations, retirement, or involuntary separations, such as terminations or layoffs.
- Our employee turnover rate calculator is a free tool to help you measure your company's attrition rate by calculating the percentage of employees who leave during a specific period. We offer two calculation methods: 1. 'Start and End Calculations', which means you enter the number of employees at the beginning and end of a specific period, or 2. 'Average Employees Calculations', which is the average number of employees during a specific period.
- Employee turnover rate can be calculated using two methods: 1. Formula: '(Employees Left ÷ Average Employees) × 100', while 2. Formula: '(Employees Left ÷ ((Start + End Employees) ÷ 2)) × 100'. To ensure accuracy, our calculation excludes internal transfers, promotions, and employees on temporary leave.
- A good employee turnover rate varies by industry, but generally 5% or lower is considered very low (i.e. excellent retention), 5-10% is low turnover (i.e. good retention), 10-15% is moderate turnover (i.e. acceptable retention), 15-25% is high turnover (i.e. retention needs attention), and above 25% is very high turnover, which requires immediate action. The average across industries is approximately 10-11%. Service and IT industry have higher rates (12-13%), while government and manufacturing have lower rates (8-9%).
- Include all employees who are on payroll and those on temporary layoff, leave of absence, or furlough. Also, for employees who left, include voluntary resignations, dismissals, layoffs, and retirements. Exclude internal transfers, promotions, temporary workers, employees on temporary layoff, furlough, or leave of absence. Note: Some organisations exclude retirements when measuring turnover rate.
- Employee turnover is a valuable indicator of the health of an organisation. It helps to identify retention issues early, measures the effectiveness of HR policies, estimates recruitment and training costs, and compares performance against industry benchmarks. High turnover can indicate a significant symptom of underlying company problems, such as company culture, compensation, management, or career development opportunities.
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Disclaimer: We have taken great care and gave our best effort to ensure the accuracy of the information provided by this Employee Turnover Rate Calculator. However, PayrollRabbit does not accept responsibility for any errors or omissions and makes no guarantees or warranties regarding the correctness of the results generated by this free tool. By using this tool, you agree not to hold PayrollRabbit liable for any consequences, issues, or damages arising from any inaccuracies in the results produced. We recommend double-checking all results and contact us if you have any questions, feedback or concerns.