The turnover rate is calculated in percentage (%). Turnover rate is often calculated by the end of the calendar or fiscal year which gives the organization an overview that how much percentage of employee(s) have left the organization. The turnover rate can be used by HR to take a close look into the organization, department, division, or station/office so that they can further investigate the reason behind employee(s) leaving the organization.
Employee Turnover rate is calculated as, the number of employees leaving the organization, divided by the sum of the total number of employees at the start of the year and the total number of employees at the end of the year divided by 2 (Average). Now the calculated value will be multiplied by 100.