How is the turnover rate calculated?
The turnover rate compares how many employees left against your average number of active employees.
Turnover Rate = Separations ÷ Average Active Employees
- Separations — the total number of employees who left during the period.
- Average Active Employees — Retain counts your active (currently employed) employees for each day in the quarter, adds those daily counts together, and divides by the number of days in the quarter.
You can see this on the turnover report.