Staff or labor turnover is the rate at which an employer organization loses employees, expressed as a percentage of headcount and typically annualized. A general form of the calculation of turnover is:
To calculate turnover as displayed in the Turnover Report, Sage People uses:
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Headcount
-
New hires during the periods under review - months, quarters, or years.
A new hire is an employee with a Current Employment Start Date during the period, and no End Date.
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Terminations during the periods under review.
A termination is an employee with a Current Employment End Date during the period.
The Turnover report displays headcount against annualized turnover for a range of time periods, as well as turnover figures for each month, quarter, or year.
The formula used to calculate turnover for each period is:
Period turnover % =
where:
Average Headcount =
where:
Value at end of period =
where:
New hires
All employees with Current Employment Start Date during the month, and no End Date.
Terminations
All employees with Current Employment End Date during the month.
The formula used to calculate overall turnover is:
Overall turnover % =
where:
Average Headcount =
where:
Value at end of period =
