Definition | This Key Performance Indicator measures the percentage of employees who voluntarily leave the organization in relation to the total turnover of employees within the business entity. |
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Calculation | Number of voluntary terminations / Total number of employee turnover within the business entity * 100 |
Unit of Measurement | Percent |
Function | Redeploy and retire employees – HR |
Method of Estimation | Data is obtained from HR records and exit interviews conducted with employees who have voluntarily left the organization. |
Timeframe | The data is reported on a monthly basis. |
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