Calculate your employee turnover rate in seconds!

A high turnover rate often results in additional recruitment costs and time. This is why calculating employee turnover and gauging employee sentiments through eNPS surveys is essential for lower retention rates.

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Employee turnover rate calculator

No.of employees separated or left
Average no. of employees in your company
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Your Employee Turnover Rate
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Employee turnover rate formula

Note: To reduce your employee attrition rate, use employee engagement software

Unveil the essentials of employee turnover rate

Knowing the reasons behind your employee departures will help you develop targeted solutions. Let us dive deep into why employee turnover calculation is essential and how a turnover rate calculator can be of help.

Why is it important?

  • Helps in assessing workforce health by evaluating the level of dissatisfaction, morale and work-culture attitude.
  • Helps in forecasting recruitment and training costs associated with replacing departing employees.
  • Helps in implementing retention strategies to retain top talents.

How does it help?

  • Helps in reducing recruitment, hiring and training cost.
  • Helps in maintaining a stable workforce and hence amplifies productivity.
  • Helps maintain a good reputation and enhances the employer's brand.

ThriveSparrow as your employee turnover rate amplifier

Let's calculate turnover and improve your employee retention rate together in a more engaging and fun way.

Performance

Drop your employee turnover rate by running 360-degree feedback surveys

From tracking your employee’s performance to identifying strengths and weaknesses, ThriveSparrow will help you make Personalized Development Plans to work on areas of improvement tailored to your employee’s growth.

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Kudos

Build a culture of appreciation and recognition to reduce your employee's churn rate

Motivate your employees and quantify the recognition game to build a healthy and welcoming workplace culture for your employees.

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Engagement and pulse surveys

Level up your employee engagement game to prevent employee attrition

Gain data-driven insights to build engaged and happy teams. With pulse surveys, make them feel heard and valued by continuously addressing their needs & concerns, and hence retain your top performers.

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Frequently Asked Questions?
How can you calculate your employee turnover rate?
Shihab Muhammed, Founder & CEO

You don't have to be tech-savvy for it, you just have to use turnover rate calculator and get in touch with us for detailed analysis and implementation of retention strategies.

What can be the possible reasons for the high employee turnover rate?
Ganesh Ravi Shankar, Buisness Unit Head

Problems with the company's culture, lack of career growth opportunities, poor management, poor compensation structure, etc can be possible reasons for a high employee turnover rate.

What does your turnover rate tell you?
Ganesh Ravi Shankar, Buisness Unit Head

By tracking your employee turnover, you gain insight into the likelihood of your employee departures and identify opportunities for strengthening retention strategies when onboarding new team members.

What is a good employee turnover rate?
Shihab Muhammed, Founder & CEO

It varies from industry to industry, generally, an employee turnover rate of 10% - 15% or lower is considered good as almost 90% of your employees stayed back indicating a happy positive work culture.

What is an employee turnover rate in simple terms?
Shihab Muhammed, Founder & CEO

It can be defined as the number of employees who resign or retire voluntarily or involuntarily and the position needs replacement within a specific timeframe.

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