Mobile Strip

Voluntary Turnover Rate

 

Voluntary Turnover means the turnover in a company that happens when an employee willingly decides to leave his/her current job position due to better job opportunities, better pay, better environment, etc. This type of turnover turns out to be high-priced for the company because it does not include any of the company’s plans and they sometimes lose high-performing employees. The Voluntary Turnover Rate is the measurement that defines the number of employees who left the company voluntarily in a year or a specific period. 

How to calculate Voluntary Turnover Rate?

Number of Voluntary separations / Average number of employees * 100

Here, the average number of employees = (Number of employees at the beginning + Number of employees at the end) / 2

cookie image

By clicking “Accept", you consent to our website's use of cookies to give you the most relevant experience by remembering your preferences and repeat visits. You may visit "cookie policy” to know more about cookies we use.