How is employee turnover rate worked out for the BRSR?

Guidance from the Securities and Exchange Board of India (SEBI) for the Business Responsibility and Sustainability Report (BRSR) sets turnover rate as persons who left in the financial year x 100, divided by the average number employed in that category. The average is the headcount at the start plus the headcount at the end, divided by 2.

The formula in the guidance note

SEBI's guidance says the entity shall calculate the turnover rate for a financial year (FY), for a particular category, as (No. of persons who have left the employment of the entity in the FY x 100) / Average no. of persons employed in the category. The average is (persons employed in the category at the beginning of FY + persons employed in the category at the end of FY) / 2.

Who counts as having left

Persons leaving include those who leave voluntarily or due to dismissal, termination, retirement or death in service.

What the table asks for

• Permanent employees and permanent workers only.
• Male, female and total for each.
• Three years side by side: the current financial year, the previous one, and the year before that.

A point to settle before you fill it

Each cell has its own average, so the male rate and the female rate will not average out to the total rate. Someone who joined and left inside the same year is in the leavers count but in neither headcount. That second point is our reading of the formula; the guidance does not mention it, so note how you handled it.

Example: permanent workers at one plant

• Start of year: 80 (70 men, 10 women). End of year: 100 (86 men, 14 women). Left during the year: 27 (24 men, 3 women)
• Average headcount: (80 + 100) / 2 = 90
• Total: 27 x 100 / 90 = 30.0%
• Men: average (70 + 86) / 2 = 78, so 24 x 100 / 78 = 30.8%
• Women: average (10 + 14) / 2 = 12, so 3 x 100 / 12 = 25.0%

The headcounts are an example.

What Senseible does here

Senseible reads fuel invoices and electricity bills into monthly records. It does not hold headcount or exit records, so this table stays with your payroll and HR files.

• BRSR Core: the nine attributes and KPIs
• Employee, worker, permanent or other than permanent
• BRSR and BRSR Core in plain words

Sources: SEBI, master circular for LODR compliance, 11 July 2023, BRSR guidance note and formats, SEBI, Updated BRSR format, Annexure II to circular of 12 July 2023

Last reviewed 2026-11-05. The guidance and formats are from SEBI's 11 July 2023 master circular and the Annexure II format. SEBI's April 2025 FAQ names a later master circular dated 11 November 2024, so check the current guidance note and format before you file.