A consulting company has 50 employees at the start of the quarter. During the first quarter, 9 employees left and 7 got hired. A simple averageheadcountfor the period is 49. Turnover is 18.4%.
According to the US Department of Labour in 2016annual total separations rate(turnover) for professional and business services is 63%. The annual number for the 2017 Bureau of Labor Statistic will release by March 16, 2018. As of February 2018,we knowthat monthly separation rate for Professional and business services is 5.5. The annual total rate metric is a sum of all 12-month rates.