Need help figuring out the retention rate, please!?
I have to figure out the retention every quarter. This is for termed employee's. I know for the 1st quarter, I would take the # of termed employee's for that quarter then multiply it by 4 (for the four quarters) then with that answer I would divide it b y the # of current employee's and that would give me the retention rate. But I know by the 2nd quarter I won't be multiplying it by 4 anymore and I can't remember what to do. Thanks for all of your help!!!