Why it’s important
Staff Turnover is a metric which measures the number of employees who have joined or departed a company within a particular reporting period. A high Staff Turnover under normal operating conditions may indicate an underlying problem with staff retention.
How to create it
To create our metric in FUTRLI we’ll need to know:
- Number of Employees this period
- Number of Employees last period
Number of Employees is a non-financial metric which will need to be imported into FUTRLI via CSV. If the company the report is being created for operates over numerous locations, you can use the Non-financial Child field to differentiate between staff numbers at each location, as in the example below:
Once you’ve imported your data into FUTRLI, you can express Staff Turnover by subtracting the number of Staff overall or at a location this period, by the number of Staff overall or a location, last period. The latter can be selected using period offset.