HR Glossary

Turnover rate

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Turnover rate definition

Turnover rate refers to the process of measuring the number of separations, both voluntary and involuntary, through the course of one month.

what-is-turnover-rate

Turnover rate definition

Turnover rate refers to the process of measuring the number of separations, both voluntary and involuntary, through the course of one month.

The turnover formula counts the number of separations during one month, divides it with the average number of employees on payroll and multiplies it with 100.

In order to calculate yearly turnover rate employer adds the monthly turnover rates together.

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