peopleanalyst

← HR Metrics·Engagement & Retention

Voluntary Turnover Rate

Percentage of employees leaving voluntarily

How it’s computed

COUNT(voluntary_terms) / AVG(headcount)

What the evidence shows

Relates toEffect (r)NGrade
Organizational performance-0.1550A

What this metric can show you

Voluntary Turnover Rate can tell roughly 27 pre-built stories — each a designed scene the data either confirms or it doesn’t. Bring your numbers and the Story Finder runs every one of these shapes against them.

specific to engagement & retention

Engagement is eroding

engagement · T1

ABCDE

It's two companies, split by manager

leadership-quality · T1

Most are fine — a tail is struggling

engagement · T1

On this trajectory, you breach the benchmark

regretted-loss · T1

ABCDE

One condition is the binding constraint

cams · T1

ABCDE

One exit reason towers over the rest

exit-knowledge · T1

Retention is working

retention · T1

P1P2P3

The workforce is splitting in two

engagement · T1

Top talent is quietly leaving

regretted-loss · T1

universal shapes — any single metric can take these

A few large values are doing the talking

any focus · T1

A one-time event, not a trend

any focus · T1

It doesn't track — the premise is false

any focus · T1

ABCDE

It's concentrated — one group stands apart

any focus · T1

Scenes are pre-built; your data is the toggle. Browse the full deck or watch one play end-to-end in The Quiet Exodus.

Run it on your data

This metric is computed in the People Analytics Toolbox on your own numbers. See pricing — posted, no quotes.

sources: toolbox:metrics-catalog · principia:metrics

What the literature says

The measurement literature behind this signal — sourced, so you can defend it.

  • You could be climbing up a steep incline, at a plateau, or climbing down. Knowing where you currently are on this employment trend and where you’re likely to be going matters a great deal. The way you deal with this problem is to include the information you have about where…

    People Analytics For Dummiesmatch 60%

  • So, given three different employment rate scenarios, here’s the range of 2018 company voluntary exit rates possibilities within the 95 percent confidence interval for US employment: 93.9% employment = 15.61% Forecasted Voluntary-Exit-Rate96% employment = 20.4% Forecasted…

    People Analytics For Dummiesmatch 59%

  • Calculating the annualized exit rateIf you know the number of exits for part of a year, you can extrapolate this information for the rest of the year — the annualized exit rate, in other words —using the following formula: Annualized Exit Rate = ({YTD Exit Rate} × (12 ÷…

    People Analytics For Dummiesmatch 58%

Resources: People Analytics For Dummies