This employee turnover rate calculator helps Australian SMEs measure staff churn to identify retention issues and reduce costs.
Enter the number of employees at the start and end of the period, plus separations, to get monthly or annual rates.
Use it for HR reviews or benchmarking against Australian averages.
Measure staff churn to improve retention and reduce costs
This is an estimate based on standard formulas; results vary by industry. Visit Fair Work for workplace laws.
Purpose:
Designed for Australian small and medium enterprises (SMEs), HR managers, and business owners, this tool calculates turnover rate using the standard formula: (separations / average employees) * 100.
Input your headcount figures to assess workforce stability. Ideal for monthly tracking or annual reports.
Tips for Ongoing Use:
Bookmark this page (Ctrl+D or Cmd+D) for quick access during HR planning. Track trends over multiple periods to inform retention strategies!
Understanding Employee Turnover Basics:
Employee turnover rate measures the percentage of staff leaving over a period. High rates (e.g., above 16% annually) can indicate issues like poor culture or pay, costing SMEs significantly in recruitment. Also check out our staff turnover article and turnover reasons article.
Benchmarks: Average annual rate in Australia is around 16% per AHRI data, varying by industry (e.g., higher in hospitality). Also explore retention tips and HR resources.
Key Components:
1. Period: Choose monthly or annual for relevant calculations.
2. Employees at Start: Headcount at the beginning of the period.
3. Employees at End: Headcount at the end of the period.
4. Separations: Number of employees who left (voluntary or involuntary).
Benefits for SMEs:
This calculator supports better HR decisions, reduces turnover costs (up to 1.5x salary per leaver), and improves team morale. Explore Scale Suite’s HR and payroll services for comprehensive support.
Fair Work Adherence:
This tool uses general formulas and is not to be relied on. Ensure compliance with Fair Work Act for dismissals and redundancies. We also have other resources available here.
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