Employee turnover measures departures relative to the average workforce.
| Input | What it means |
|---|---|
| Average number of employees | The number to test or transform; use the integer or real-number domain stated in the formula. |
| Number of employees who left | The number to test or transform; use the integer or real-number domain stated in the formula. |
12 departures from an average workforce of 150 give 8% turnover.
Compare the result with the underlying statement, budget or proposed transaction. It is most useful when every amount uses the same reporting period and the same accounting definition.
Use one consistent period for every amount and rate in the relationship. If a form specifies an annual rate or a monthly amount, follow that label rather than mixing time periods.
Only the costs and taxes represented by the inputs and formula are included. A real transaction can include other charges, so compare the estimate with the underlying agreement or statement.
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