← 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
Evidence (effect sizes, priors, validity) is syncing from Principia.
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