An analysis of employee turnover data can help pinpoint why employees leave organizations and what you can do to retain the best. Investing the time to gather and analyze this data opens the opportunity to review your current processes for improvement in multiple areas.

To create a turnover-analysis spreadsheet we will obtain data on all employees who exited the organization during the last three to five years.

A high employee turnover rate is an expensive problem. When employees leave, a company has to replace them with new hires. Replacing employees is expensive. Direct replacement costs can reach as high as 50%-60% of an employee’s annual salary, with total costs associated with turnover ranging from 90% to 200% of annual salary.

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