Article Link: http://exchangepress.com/article/using-turnover-as-a-recruitment-strategy/5018928/
Teacher turnover is notoriously high in the field of early childhood education with an estimated 33% of staff exiting the workplace each year. Turnover is costly. Not only do high levels of turnover negatively impact children’s growth and development, it also erodes the program’s economic stability and wherewithal to provide effective operations and programming for both staff and children. “It takes resources �" both human and financial �" to support almost half of a center’s staff disappearing each year” (Duncan, 2007).Calculating turnover rate
Turnover is sometimes referred to as churn. It is the process by which employees enter and leave the company’s workforce (for reasons other than death or retirement). Turnover rate is determined by dividing the number of terminations by the average headcount of employees during a designated time period, and multiplying by 100. For example, if a center employed 20 staff members during a calendar year and lost 8 of them, the turnover rate is 40% yearly. [Example: 8 Exiting Employees ÷ by 20 Staff Members x 100 = 40% Yearly Turnover.] Calculating the turnover rate of a center, however, is just the beginning step. The next steps are: 1) determining the costs ...