Your turnover rate is the share of your team who left over a period. Put in three numbers and see your rate, plus what replacing those people cost. Then read what a healthy rate looks like.
Turnover rate = (people who left Γ· average headcount) Γ 100
Average headcount = (headcount at the start + headcount at the end) Γ· 2.
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People who left times salary times the percentage.
A planning estimate. Replacement cost varies widely by role and seniority, and hidden costs like lost productivity often push the true figure higher.
Treat these as a guide, not a verdict. Sector and role churn move the number. The Australian average sits near 15% a year.ΒΉ
Low. Healthy for most teams.
Around the Australian average.
High. Worth investigating the causes.
Rising absence flags a flight risk months before the resignation. Absence surfaces the pattern. Free for teams of 5.
Healthy-rate bands and replacement-cost percentages are general guidance and vary by sector and role. Use the trend over time, not a single figure. General information, not legal or financial advice.