How to Calculate Turnover Rate in Your Office: A Step-by-Step Guide

Understanding and managing employee turnover is crucial for any office. High turnover rates can be costly and disruptive, affecting both the quality of care provided to patients and the overall efficiency of the office. As part of The AGA Group, we aim to help you manage this aspect of your practice effectively. This article will provide a step-by-step guide on how to compute turnover rates for your practice and explain why it’s essential.

Why Track Turnover Rates?

Tracking turnover rates helps you:

• Identify patterns and trends in employee departures.
• Understand the impact of turnover on your practice.
• Develop strategies to improve employee retention.

Step-by-Step Guide to Computing Turnover Rates

1. Define the Time Period

Decide the time period for which you want to calculate the turnover rate. Common intervals include monthly, quarterly, or annually.

2. Gather Necessary Data

Collect the following data for the selected time period:

• Total number of employees at the beginning of the period.
• Total number of employees at the end of the period.
• Number of employees who left during the period.

3. Calculate Average Number of Employees

Use the formula:

Average Number of Employees = Number of Employees at the Beginning of the year divided by the number of Employees at the End of the year ​

Example: If your practice had 50 employees at the beginning and 55 at the end: This would equal 52.5 employees for the year

4. Determine Number of Departures

Count the number of employees who left during the period.

Example: If 5 employees left during the period, the number of departures is 5.

5. Calculate Turnover Rate

Use the formula:

Turnover Rate=(Number of Departures divided by  Average Number of Employees) × 100

Example: With 5 departures and an average of 52.5 employees: x 100

Turnover Rate=(5 employee left company divided by the average number of employees which is 52.5)×100=9.52

Turnover Rate=(5 / 52.5​)×100=9.52%

Tips for Reducing Turnover

Improve Hiring Processes

Partnering with a reputable staffing agency, like The AGA Group, can help ensure you hire the right candidates who are more likely to stay with your practice.

Enhance Employee Engagement

• Foster a positive work environment.
• Provide opportunities for professional development.
• Recognize and reward employee contributions.

Conduct Exit Interviews

Gain insights from departing employees to understand the reasons behind their decision to leave. Use this feedback to make necessary improvements.

Offer Competitive Compensation and Benefits

Ensure your compensation packages are competitive within the industry to attract and retain top talent.

The Role of The AGA Group in Managing Turnover

The AGA Group, a leading Kansas City staffing agency, specializes in Staffing, Recruiting, and Executive Search. With over 45 years of experience in the life sciences and 10 years of staffing experience with a large teaching universities, state agencies, and large community FQHC in Kansas and Missouri, The AGA Group provides expert solutions to help dental and medical offices manage turnover effectively.

Conclusion

By understanding and computing your office’s turnover rates, you can identify areas for improvement and implement strategies to enhance employee retention. Partnering with The AGA Group can further support your practice in reducing turnover and maintaining a stable, effective team. For more information, visit www.agasolutionsgroup.com or call 913-661-1999.

Managing turnover rates is crucial for the success and stability of your dental practice. Use this guide to keep track of your turnover rates and leverage the expertise of The AGA Group to optimize your staffing and retention strategies.