oboloo Glossary

Low Employee Turnover

oboloo Glossary

Low Employee Turnover

Employee turnover is an important metric for any business. It’s defined as the rate at which employees choose to leave their positions, and understanding it can help you identify potential problems with recruitment or retention. Low employee turnover means that your team is relatively stable, with a steady number of experienced workers. This provides benefits such as continuity of operations and greater employee knowledge – both of which help to improve morale and performance. With low employee turnover, businesses are also able to save money through reduced recruiting costs and lower training expenses. Ultimately, achieving a low employee turnover rate should be a key goal for any organization.