HEADCOUNT TURNOVER RATE (FTE IN REPORTING PERIOD)
 Related DDCN/DSCN/ISN
Description Where Used

Format/Length:max n3.max n2
NWDS ID:STOR
NWDS Field Name:Turnover Rate- WTE (Derived)
National Codes: 
Default Codes: 

Notes:
HEADCOUNT TURNOVER RATE (FTE IN REPORTING PERIOD) is the percentage of EMPLOYEES, based upon their ASSIGNMENT CONTRACTED FULL TIME EQUIVALENT, leaving employment with the ORGANISATION within the REPORTING PERIOD, calculated as:

1.Sum the ASSIGNMENT CONTRACTED FULL TIME EQUIVALENT of each ASSIGNMENT in an ORGANISATION at the start of the REPORTING PERIOD where:

and

or

2.Sum the ASSIGNMENT CONTRACTED FULL TIME EQUIVALENT of each ASSIGNMENT in an ORGANISATION at the end of the REPORTING PERIOD where:

or

and

3.Add the resulting sum of the FTEs at the start of the REPORTING PERIOD to the resulting sum of the FTEs at the end of the REPORTING PERIOD divided by 2.

For example if the sum result at the start of the REPORTING PERIOD is 65.3 and the sum result at the end of the REPORTING PERIOD is 59.16 the average staff in assignments is:

(65.3 + 59.16) / 2 = 62.23

4.Sum the ASSIGNMENT CONTRACTED FULL TIME EQUIVALENT of each ASSIGNMENT for each EMPLOYEE leaving employment in an ORGANISATION with a recorded EMPLOYMENT HISTORY EMPLOYMENT LEAVING DATE where:

and

5.Divide the sum FTE of EMPLOYEES leaving employment by the average staff in ASSIGNMENTS and multiply by 100

For example if the number of FTEs leaving employment is 12.7 and the average FTEs in ASSIGNMENTS is 62.23 the HEADCOUNT TURNOVER RATE (FTE IN REPORTING PERIOD) is:

(12.7 / 62.23) * 100 = 20.40%

 

This data element is also known by these names:
ContextAlias
pluralHEADCOUNT TURNOVER RATES (FTE IN REPORTING PERIOD)