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Retention by performance


Refers to the rate of employee retention for employees breakdown by performance rating score.




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 their last performance rating score
  4. identify the number of employees who left during the chosen time frame
  5. correlate each employee with their last performance rating score
  6. 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

  1. 40 have a performance rating score of 1 - high performer
  2. 60 have a performance rating score of 2 - meets expectations

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

  1. 4 have a performance rating score of 1 - high performer
  2. 6 have a performance rating score of 2 - meets expectations


High performer retention rate = ((40 - 4)/40) x 100 = 90%

Meets expectations retention rate = ((60 - 6)/60) x 100 = 90%



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