How can I effectively measure employee turnover in my company?

How can I effectively measure employee turnover in my company?

To measure employee turnover, start by calculating the turnover rate using the formula: (Number of separations / Average number of employees) x 100.

What factors should I consider when analyzing turnover rates?

Consider factors like employee demographics, tenure, department, and reasons for leaving to gain insights into turnover.

How can I reduce employee turnover based on my findings?

Implement strategies such as improving workplace culture, offering competitive salaries, and providing career development opportunities.

Are there specific tools or software that can help with tracking turnover?

Yes, tools like HR analytics software, employee engagement platforms, and exit interview tools can help track and analyze turnover.