oboloo Glossary

Employee Turnover Statistics

oboloo Glossary

Employee Turnover Statistics

Employee turnover statistics refer to the measurement of how many employees are leaving an organization in a given period of time. This is usually measured by calculating the number of voluntary departures, such as resignations, retirements or terminations, over a specific period of time. In other words, it’s a measure of the degree of stability in an organization. Keeping track of employee turnover allows organizations to gain valuable insights into the dynamics of their workforce and identify areas where changes need to be made. Knowing your turnover rate can help you plan for the future by proactively addressing any underlying issues.