A Simple Formula to Calculate Employee Turnover Rate
Hundred5
FEBRUARY 23, 2022
Great people are the lifeblood of any business, that’s why it hurts so much when they decide to leave. To put that pain into numbers, data shows that it costs anywhere from 33% to 200% of an employee’s salary to replace them – ouch! In this article, we will arm you with all the information you need to calculate employee turnover rate. After we’ve looked at what they are and how to calculate them in your business, we’ll run through 3 top tips to help you keep your best staff for longer.
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