Remember the basic idea: We are using the data we have so far to project our annual turnover. Derek (2006) in his study found out that the employees’ turnover is positively associated with the organization inefficiency. In other words, if we lost 18.2% in the first 3 months of the year, then continuing at this pace for the rest of the year will give us a 72.8% turnover rate for the year. This gives us 18.2% X 4 = 72.8% annualized turnover. Step 5: To annualize, we now take 18.2% and multiply by 12/3 = 4. That is, my turnover rate for the first three months is 18.2% Step 4: Dividing the number of lost employees by the overall average number of employees gives me 19/104.3, or.

It involves providing necessary technical and administrative documents to ensure a smooth transition of the project. Step 3: I have lost a total of 19 employees in that same 3 month span (8+7+4 = 19) Project turnover engineering is the process of transitioning engineering activities and responsibilities from one project manager to another. Step 2: I calculate the overall average from the values in Step 1 to be 104.3. Step 1: Taken from the given context above, the average number of employees for each of our first 3 months is the following: 102, 107, 104.

Let’s suppose we calculate the average number of employees for those months is the following: 102, 107, 104.Īpplying the steps outlined above, we get the following: In those months I lost 8, 7, and 4 employees. I have data for January, February, and March.

Project turnover definition