Employee turnover rate
employee_turnover_rateCalculate the employee turnover (attrition) rate for a month, quarter or year from starting headcount, ending headcount and the number of people who left. Use it when you have headcounts and separations and need the rate; it also annualizes a monthly or quarterly rate. Use employee_retention_rate instead when you can split leavers into people who were there at the start and people hired during the period, and employee_turnover_cost to price the turnover in dollars. Returns the turnover rate for the period, the annualized rate, average headcount and a simple retention rate.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| period | No | The length of the measurement period: month, quarter or year. Default year. | year |
| separations | Yes | People who left during the period, voluntarily or not. | |
| ending_headcount | Yes | Employees on the payroll at the end of the period. | |
| starting_headcount | Yes | Employees on the payroll at the start of the period. |
Output Schema
| Name | Required | Description | Default |
|---|---|---|---|
| inputs | Yes | The inputs as used, with defaults filled in. | |
| results | Yes | The computed numbers. Unavailable numbers are null. | |
| summary | Yes | One or two plain sentences with the headline numbers. | |
| calculator_url | Yes | The TeamPredict calculator page that shows the same calculation, where a person can change the inputs. |