Retention Rate Calculator

Retention Rate = ((End-of-Period Employees - New Hires) / Start-of-Period Employees) x 100. This measures the percentage of employees who stayed throughout the period, excluding new hires who joined during it.

A good retention rate is generally 90% or higher annually. Top employers achieve 95%+. The average across all industries is about 80-85%. Tech companies average 82%, healthcare 83%, and government 92%.

Retention rate measures the percentage of employees who stayed, while turnover rate measures the percentage who left. They are complementary: if retention is 85%, turnover is 15%. Both are important but calculated differently.

The cost of replacing an employee averages 50-200% of their annual salary. For a $60,000 employee, turnover costs $30,000-$120,000 including recruiting, training, lost productivity, and institutional knowledge loss.

Dewx OPS Hub tracks retention metrics in real-time, identifies flight risk employees with AI, automates engagement surveys, and provides actionable insights to improve workplace satisfaction. Dew alerts managers when retention patterns suggest issues.