What retention rate are you looking for? Employee retention? Customer retention? Autumn Jane
From Singapore, Singapore
137From Singapore, Singapore
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
Sum of staff departures over the year divided by Sum of Monthly Staff Headcount
Regards
Autumn Jane
From Singapore, Singapore
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Retention quest.doc
Employee-retent ion-plan_1__185 .pdf