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How to Calculate Employee Turnover. The basic formula for calculating employee turnover is: Step 1: Find your average number of employees. ((# of employees beginning of year) + (# of employees end of the year))/2 = average # employees. Step 2: Find the turnover rate. (the # of employees who left your company) / (Step 1âs answer) = turnover rate
To calculate the employee retention rate, start with the total number of employees on staff at the end of a period -- monthly, quarterly or annually. For example, if you have 200 employees at the end of a quarter, and 25 of those employees left the business during the same quarter, subtract 25 from 200. Divide the result by the total number of employees, and multiply the answer by 100 to get the retention rate. In the example, the employee retention rate is 87.5 percent. Compare the retention rate in one period to the rate in other periods for an indication of how well you are retaining your employees.