Turnover rate is the number of employees who left in a period divided by the average headcount, as a percentage. It's a key HR metric — high turnover signals problems with pay, management or fit, and is expensive to replace.
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Frequently asked questions
What is the turnover formula?
Turnover rate = separations ÷ average number of employees × 100 for the period.
What is a healthy turnover rate?
It varies by industry, but annual turnover around 10% or below is often considered healthy.