It refers to the turnover in the company which happens at the time when the employee decides to leave the current Job position due to better financial opportunities, position growth or a better working environment. Such type of turnover is comparatively higher for the company as such actions are unexpected. Sometimes, such aspects also create a loss of potential employees. This analysis defines the number of employees who leave the company voluntarily in a specific period.
Calculating the voluntary turnover rate
Number of Voluntary separations / Average number of employees * 100
The average number of employees= number of employees at the start of FY – number of employees at the end of FY / 2
