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cjpreena
Pls can anybody tell me the formula for retention rate
From India, Coimbatore
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Autumn Jane
Workplace Happiness
Thanoojthampy
Generalist
+1 Other

Autumn Jane
137

What retention rate are you looking for? Employee retention? Customer retention? Autumn Jane
From Singapore, Singapore
Autumn Jane
137

Employee Retention Rate can also be known as Employee Turnover Rate. When Employee Turnover Rate is used as a KPI, basically, you WANT some turnover, and whilst you don’t want to REWARD a manager for firing people, you don’t want to penalize them for the poor performers leaving. The formula to calculate annual rentention rate or employee turnover rate is:
Sum of staff departures over the year divided by Sum of Monthly Staff Headcount
Regards
Autumn Jane

From Singapore, Singapore
thanoojthampy
Please do correct me if i am wrong here -
total # of employees = x
# of employees quit/fired = y
total # - # quit/fired = z
(x-y)=z
(z/x)*100=retention %
for example:
100 employees total
25 quit/fired
(100-25)=75
(75/100)*100=75
75% retention
thank you
Thanooj

From Bahrain, Manama
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