Below is a description on what formula we use to calculate employee turnover in our "HR dashboard" overview.

Annual turnover

Last 365 days

formula:
number of employees terminated during last 365 days / (number of active employees today + number of active employees 365 days ago) * 2 * 100

Monthly turnover
Last 30 days

Same as for annual formula, just using the last 30 days:
number of employees terminated during last 30 days / (number of active employees today + number of active employees 30 days ago) * 2 * 100

First year turnover
Last 365 days

terminated employees who worked less than 365 days / employees terminated within last 365 days * 100

Did this answer your question?