How to Calculate Employee Retention Rate
First and foremost, you need to determine the time period in which you would like to measure retention. Some companies will do this once a year to once every other year, while others see better results when calculating their retention quarterly or twice a year.
“Annual review [of retention numbers] Employee retention is an essential factor to your business’s success. Your staff lays the foundation of your company’s structure, and you want to keep your employees committed to their roles in the organization. Conserving their engagement and keeping them happy is vital to retain your staff. Thus, you want to make sure to understand and accurately calculate your workforce retention rate.