How To Calculate Voluntary Employee Turnover Rate in HubSpot | Arithmix

Calculating voluntary employee turnover rate is an important metric for any organization. It helps to identify the number of employees who have left the company voluntarily, and the reasons behind their departure. This information can be used to improve employee retention strategies and reduce turnover rates. In this article, we will discuss what voluntary employee turnover rate is, when it is valuable to calculate it, and how to calculate it in HubSpot.

What Is Voluntary Employee Turnover Rate?

Voluntary employee turnover rate is the percentage of employees who have left the company voluntarily during a specific period of time. This metric is calculated by dividing the number of employees who have left the company voluntarily by the total number of employees in the organization, and multiplying the result by 100. For example, if an organization has 100 employees and 10 of them have left the company voluntarily during a year, the voluntary employee turnover rate would be 10%.

It is important to note that voluntary turnover rate only includes employees who have left the company voluntarily, and does not include employees who have been terminated or laid off. Additionally, it is important to distinguish between voluntary and involuntary turnover, as the reasons behind each type of turnover can be very different.

When Is It Valuable To Calculate Voluntary Employee Turnover Rate?

Calculating voluntary employee turnover rate can be valuable for organizations in a number of ways. Firstly, it can help to identify trends and patterns in employee turnover, which can be used to improve employee retention strategies. For example, if a high percentage of employees are leaving the company due to a lack of career development opportunities, the organization can implement programs to address this issue and reduce turnover rates.

Secondly, calculating voluntary employee turnover rate can help to identify areas of the organization that may be experiencing higher turnover rates than others. This information can be used to investigate the reasons behind the higher turnover rates and implement targeted retention strategies in those areas.

How to Calculate Voluntary Employee Turnover Rate in HubSpot

To calculate voluntary employee turnover rate in HubSpot, you will need to gather data on the number of employees who have left the company voluntarily during a specific period of time. This data can be obtained from the HR department or from HubSpot's HR software.

Once you have this data, you can use the following formula to calculate voluntary employee turnover rate:

Voluntary Employee Turnover Rate = (Number of Employees Who Left Voluntarily / Total Number of Employees) x 100

For example, if an organization has 100 employees and 10 of them have left the company voluntarily during a year, the voluntary employee turnover rate would be:

(10 / 100) x 100 = 10%

It is important to track voluntary employee turnover rate over time to identify trends and patterns. This information can be used to improve employee retention strategies and reduce turnover rates.

In conclusion, calculating voluntary employee turnover rate is an important metric for any organization. It can help to identify trends and patterns in employee turnover, and can be used to improve employee retention strategies. By following the steps outlined in this article, you can easily calculate voluntary employee turnover rate in HubSpot and use this information to improve your organization's retention strategies.

How Do You Calculate Voluntary Employee Turnover Rate in HubSpot

HubSpot itself isn't naturally geared towards letting you calculate complex metrics like Voluntary Employee Turnover 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 Voluntary Employee Turnover 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 Voluntary Employee Turnover Rate in Arithmix

Calculating metrics like Voluntary Employee Turnover 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 Voluntary Employee Turnover 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.