Retention by department
Refers to the rate of employee retention for each department.
Calculation steps:
- choose time frame
- identify the number of employees working at the start of chosen time frame
- correlate each employee with the department
- identify the number of employees who left during the chosen time frame
- correlate each employee with a department
- for the employees in every category 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
- 40 are in Sales
- 60 are in Production
Employees who left in the time frame: 10 out of which
- 4 are Sales
- 6 are Production
Sales retention rate = ((40 - 4)/40) x 100 = 90%
Production retention rate = ((60 - 6)/60) x 100 = 90%
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