## Key people retention

Refers to the rate of employee retention for key people.

Calculation steps:

1. choose time frame
2. identify the number of employees working at the start of chosen time frame
3. correlate each employee with a category: key person or non key person
4. identify the number of employees who left during the chosen time frame
5. correlate each employee with a category: key person or non key person
6. for the employees in the category of key person apply the retention rate formula

Example:

Time frame: 1st of January to 31st of March

Employees working at the start of the time frame: 100 out of which

1. 40 are on key person
2. 60 are on non key person

Employees who left in the time frame: 10 out of which

1. 4 are on key person
2. 6 are on non key person

Key person retention rate = ((40 - 4)/40) x 100 = 90%

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