How To Calculate Employee Voluntary Retention Rate in HubSpot | Arithmix

Employee voluntary retention rate is an important metric that measures the percentage of employees who choose to stay with a company over a given period of time. This metric is particularly valuable for businesses that want to understand how well they are retaining their top talent and how they can improve their retention efforts. In this article, we will discuss what employee voluntary retention rate is, when it is valuable to calculate it, and how to calculate it using HubSpot.

What Is Employee Voluntary Retention Rate?

Employee voluntary retention rate is a metric that measures the percentage of employees who choose to stay with a company over a given period of time. This metric is calculated by dividing the number of employees who chose to stay with the company by the total number of employees at the beginning of the period. For example, if a company had 100 employees at the beginning of the year and 80 of them chose to stay with the company at the end of the year, the employee voluntary retention rate would be 80%.

It's important to note that this metric only takes into account employees who voluntarily chose to stay with the company. It does not include employees who were terminated, laid off, or retired.

When Is It Valuable To Calculate Employee Voluntary Retention Rate?

Employee voluntary retention rate is a valuable metric for any company that wants to understand how well they are retaining their top talent. High employee turnover can be costly for businesses, both in terms of time and money. By calculating employee voluntary retention rate, businesses can identify areas where they may be losing top talent and take steps to improve retention efforts.

Employee voluntary retention rate is particularly valuable for businesses that are experiencing high turnover rates or that are struggling to retain top talent. By identifying areas where they may be losing employees, businesses can take steps to improve retention efforts and keep their top talent.

How to Calculate Employee Voluntary Retention Rate in HubSpot

HubSpot offers a powerful HR management system that makes it easy to calculate employee voluntary retention rate. To calculate this metric in HubSpot, follow these steps:

1. Log in to your HubSpot HR management system.
2. Select the "Reports" tab from the main menu.
3. Choose the "Employee Retention" report.
4. Select the date range for the report.
5. Choose the "Voluntary Retention" option.
6. Click "Generate Report."
7. The report will show the number of employees who chose to stay with the company over the selected period of time, as well as the total number of employees at the beginning of the period. Divide the number of employees who chose to stay by the total number of employees to calculate the employee voluntary retention rate.

By following these steps, you can easily calculate employee voluntary retention rate in HubSpot and gain valuable insights into your retention efforts.

How Do You Calculate Employee Voluntary Retention Rate in HubSpot

HubSpot itself isn't naturally geared towards letting you calculate complex metrics like Employee Voluntary Retention Rate. As an alternative, teams typically use products like Arithmix to import data from HubSpot and build out dashboards.

What is Arithmix?

Arithmix is the next generation spreadsheet - a collaborative, web-based platform for working with numbers you'll powerful yet easy to use. With Arithmix you can import data from systems like HubSpot, combine it with data from other systems, and create calculations like Employee Voluntary Retention Rate.

In Arithmix, data is organized into Tables and referenced by name, not by cell location like a spreadsheet, simplifying calculation creation. Data and calculations can be shared with others and re-used like building blocks, vastly streamlining analysis, model building, and reporting in a highly scalable and easy to maintain platform. Data can be edited, categorized (by dimensions) and freely pivoted. Calculations are automatically copied across a dimension - eliminating copy and paste of formulas.

Arithmix is fully collaborative, giving your entire team access to your numbers and the ability to work together seamlessly.

Calculating Employee Voluntary Retention Rate in Arithmix

Calculating metrics like Employee Voluntary Retention Rate is simple in Arithmix. Once you've created your free account, you'll be able to import your HubSpot data, and use it to create natural language formulas for metrics like Employee Voluntary Retention Rate.

Arithmix is designed to give you the power to build any calculations you want on top of your HubSpot data, while also being easy to use and collaborate on. You can share your dashboards with users inside and outside of your organisation, making it easy to empower your whole team.