What is the employee attrition rate?The employee attrition rate measures the number of employees who’ve left your organisation within a set period of time. In the same way you measure engagement, intent to stay, well-being, inclusion — it gives you an idea of how you’re performing....
The voluntary attrition rate can be used alongside, and compared to, the total attrition rate and the involuntary attrition rate to identify trends and issues that may be causing staff to leave of their own accord. It can even be compared to and tied into your new starter attrition rate to ...
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In regard to point three, the standard overtime rate is 1.5 times the employee’s regular hourly rate (also called “time-and-a-half”). That’s why it’s vital to know what you pay each employee before calculating overtime. Once you’ve established the key information, you can begin ...
Too often, SaaS businesses are failing to accurately calculate their churn rate - or even consider it at all. We tell you how to calculate churn properly, how important the metric is for your business, and how to reduce it.
Conduct exit interviews: Conducting exit interviews to solicit employee feedback is critical when trying to determine why employees are leaving and if there are any patterns. Analyze existing turnover to find issues: The ability to collect and analyze turnover and attrition data is critical to fi...
How do you calculate revenue churn rate? To determine the percentage of revenue that has churned, take the monthlyrecurring revenue(MRR) you lost that month — minus any upgrades or additional revenue from existing customers and divide it by your total MMR at the beginning of the month. Do ...
What is churn rate, and how do you calculate it? Learn about customer churn rate and revenue churn rate, and why they are important metrics to measure.
There are a variety of metrics that you can use to determine how your employees are doing. Many of them focus on productivity metrics such as progress to goals. However, these productivity metrics don’t tell the whole story. That’s why it’s important to understand your attrition rate to...
How to Reduce Turnover Rate If you find yourself looking at a slightly higher-than-average attrition rate, there are some things you can do to find and retain stellar employees. Many of these will require overhauling some processes at your company, but there are always small steps yo...