Finance

Employee Turnover Rate (with Replacement Cost)

Work out your turnover rate from separations and average headcount. It splits voluntary from involuntary turnover and estimates replacement cost against BLS benchmarks.

How to use

Enter your separations for the period.
Enter your average headcount.
Split voluntary and involuntary if you have the numbers.

Measurement period

Compare vs industry (BLS)

Employees who left

Headcount at start

Headcount at end

Voluntary departures (opt.)

Average salary ($, opt.)

Replacement cost × salary

Cost multiplier

Turnover rate (Annual)

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enter separations and headcount

Average headcount

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Annualized rate

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Voluntary rate

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Replacement cost

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vs benchmark

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Estimates for general information, not financial advice. Confirm figures before making money decisions.

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How it's calculated

turnover % = separations ÷ average headcount × 100

separations = employees who left, average headcount = (start + end) ÷ 2. Annualised by ×4 (quarterly) or ×12 (monthly). Replacement cost = separations × salary × cost multiplier.

Common questions

How is turnover rate calculated?

Divide the number of separations by the average headcount over the period, then multiply by 100 for a percentage.

What does replacing an employee cost?

Estimates run from about half to twice the role's annual salary, depending on seniority and hiring difficulty.