How to calculate human resources retention rate

The calculation formula for the human resources retention rate is: Human resources retention rate = (number of employees at the end of the period - number of employees who resigned at the beginning of the period) / number of employees at the beginning of the period x 100%1.

The employee retention rate includes the retention rate of recruiters during the probation period, the turnover rate of recruiters this year, the annual employee turnover rate, the application rate, and the recruitment success rate. The calculation formula for different employee retention rates: Recruiter probation period retention rate = number of recruiters who passed the period / total number of recruits * 100%.

The turnover rate of recruiters this year = the number of recruiters lost this year / (the number of employees at the beginning of the period + the total number of recruits) * 100%. Annual employee turnover rate = number of employees lost throughout the year / (number of employees at the beginning of the period + total number of recruits) * 100%. Application rate = number of applicants/number of actual hires*100%. Recruitment success rate = actual number of hires/number of applicants*100%.

Talent retention rate is one of the important indicators to measure an enterprise's human resources management. It can reflect the enterprise's attractiveness, welfare benefits, employee development and management, etc. A high talent retention rate can help companies reduce recruitment costs, improve production efficiency, and enhance corporate competitiveness.

Population and human resources

Population resources refer to the total population of a country or region. It is the most basic base number and is generated by all human resources institutions and human resources. Among this most basic population resources, it is mainly represented by the number of people.

Talent resources refer to those people in a country or region who have more scientific knowledge and strong labor skills and play a key or important role in the value creation process. Talent resources are part of human resources, that is, high-quality human resources.