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How to Calculate Employee Turnover Rate and Why It’s Important in 2022

Author: 
Mike Lovett
Publication date:
June 23, 2021
Article Summary: 

In this blog, the author explains how to calculate employee turnover rate and why it is important in 2023. Turnover rate is the percentage of employees who leave the company either voluntarily or involuntarily over a certain time period. Calculating the employee turnover rate provides key context to understand if the employee turnover at a company is the nature of business or a problem. The blog explains the difference between voluntary and involuntary turnover and the reasons behind each. The author also discusses what a good and high turnover rate is, and how to calculate it. Finally, the blog discusses the importance of comparing the employee turnover rate with the industry average.

Keywords: 

employee turnover rate, calculation, voluntary, involuntary, pull reasons, push reasons, good turnover rate, high turnover rate, industry average.

Source Citation: 
Mike Lovett
How to Calculate Employee Turnover Rate and Why It’s Important in 2022
June 23, 2021
https://www.workhuman.com/blog/back-to-basics-what-is-employee-turnover-rate/
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