What is Employee Turnover Rate
Employee turnover rate will tell you if you’re losing employees at a high rate, you always want this rate to be low. If you continually have a high turnover rate than you need to address management and figure out if there is an issue with training or if you have the right managers in place. You will have a month every so often that will have a high turnover rate, but this should not continue for a long period of time. In a restaurant or retail store, there will always be a high turnover rate. If management treats their employees right and those same employees receive proper training, you would be surprised with just how many stick around.
Calculation
Number of Employees that Left / Beginning Number of Employees + Ending Number of Employees / 2 *100