Turnover
: To find the turnover rate, divide the number of employees who left during a period (usually a year) by the average total number of employees, then multiply by 100.
Effective retention often relies on the : Respect, Recognize, and Reward . turnover
Employee Turnover: A Key Metric for Human Capital Management : To find the turnover rate, divide the
: A 10% turnover rate is generally considered healthy, though most companies currently fall between 12% and 20%. Why People Leave Why People Leave Recent surveys from sources like
Recent surveys from sources like FlexJobs highlight the top drivers: : Cited by 62% of employees. Low Salary : Cited by 59%. Poor Management : Cited by 56%. Work-Life Imbalance : Cited by 49%. Strategies to Reduce Turnover
: Employees choose to leave for other opportunities, career changes, or retirement.
: The employer terminates the relationship due to poor performance or layoffs.