Employee Turnover Rate Calculator
This employee turnover calculator allows you to determine your company’s annual employee turnover. You need to know your average employee turnover rate to calculate turnover costs and potentially estimate what your company could be spending per year on employee loss.
To find your turnover rate, take the number of employees who left, divide it by the average number of employees, and multiply it by 100. The employee numbers should only be pulled for a year to give the most accurate results.
Use this calculator to see just how much employee turnover can cost your business.
Employee turnover cost can be quite challenging for any business to determine so we’ve built a handy little ROI calculator to help. By using this calculator, you can estimate what it actually costs to replace an employee due to turnover. Trust us, the number will likely be larger than you expected and, in some cases, can be quite staggering. We studied several articles, sites, and whitepapers and decided to use 30% of an employee’s annual salary to calculate the cost. Some studies claim it can be as high as 50% of an employee’s annual salary, so the numbers could actually be much higher.