Employee Retention Calculator: Calculate Your Employee Retention Rate

Calculate Your Employee Retention Rate

No. of employees in your organisation:

800

No. of employees experiencing distress, burnout, anxiety, or depression.

1200

No. of employees who want to quit the company due to burnout.

About 70% of professionals believe their companies could do more to prevent or lessen employee burnout. According to 21% of respondents, their organization put no efforts or programs in place to help employees avoid or recover from burnout.

In fact, nearly half of millennials claim to have quit a job due to burnout. This Employee Retention Calculator will help you reform employee burnout policies.

Page Sources : Deloitte Workplace Burnout Survey, CNBC Article and McKinsey Employee Mental Health and Burnout Article

Frequently Asked Questions

1. What is considered a good retention rate for employees?

A corporation should aim for an average personnel turnover rate of 10% or less since retention rates of 90% or more are typically regarded as good. The average retention rate in 2021 was 52.8%2. However, individual rates vary by sector and industry. Check if your company is on the right track with this employee retention calculator.

2. What Is Employee burnout?

The World Health Organization (WHO) has recognized employee burnout as a unique type of workplace stress in which employees experience general job discontent and various levels of weariness, including mental exhaustion, physical weariness, and emotional weariness.

3. What are the signs of employee burnout?

The 7 Most Common Symptoms of Burnout in Employees

Exhaustion—emotional, mental, and bodily.
Disengagement.
Rising absenteeism
Isolation
Greater responsiveness to criticism
The appearance of signs on the body
Reduction in production

This employee retention rate calculator provides insights about employee burnout and helps employers.

4. How do you calculate employee retention?

Multiply by 100 the number of workers who have remained throughout a specified length of time divided by the total number of workers during that period:

(Headcount remaining during set period/Headcount beginning during set period) multiplied by 100.
The annual retention rate is (440/475) times 100, or 92.6%.

Try this employee retention calculator for quick and easy calculations.

5. What are 5 employee retention strategies?

There are five staff retention tactics that every business should use –

Leadership is where employee retention and engagement begin.
Pay close attention to employee input, then act on it.
Establish and encourage an inclusive culture.
Invest in the potential for staff growth.
Conduct thorough exit interviews.

6. What are the 5 stages of burnout?

These are the 5 stages of burnout –

The initial phase. This stage is full of enthusiasm and hope.
Start of the stress period. The initial phase eventually ends, and you start to feel stressed.
The phase of chronic stress.
Burnout period.
The phase of habitual burnout.