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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!!!
1 Answer
- M3Lv 710 years agoFavorite Answer
for the 2nd quarter, multiply by 3 (quarters left) & divide by # of current employees
for the 3rd quarter, multiply by 2 & divide ..........
for the 4th quarter, multiply by 1, ie just take the # of termed employees & divide ...
