Employee Turnover Rate: Percentage of employees who left in a period.
Formula
Turnover Rate = Employees departed / Average headcount × 100Benchmarks
- Below 10%: Excellent retention
- 10-15%: Good
- 13-20%: Average for tech (tech runs higher than other industries)
- 20-25%: High for tech, investigate
- Above 25%: Critical
Related Metrics
Connected in the GASP relationship graph.
Upstream: what drives this
- Employee NPS reduces Employee Turnover Rate (People)
Downstream: what this drives
- Employee Turnover Rate reduces Revenue per Employee (Finance)
- Employee Turnover Rate reduces Quota Attainment (Sales)
- Employee Turnover Rate measures Employee (Entity)