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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
Divide the resulting number by the number of workers employed as of the first day of the month. For example, if you have 125 employees as of July 1 and 118 employees as of July 31, divide 7 by 125 and the result is .056, or an average 5.6 percent turnover rate. Calculate the average annual turnover by adding the turnover rate for each month and dividing it by the number of months.