Industry Standard Turnover Rate is a metric used to measure the rate at which employees within an industry leave their positions. It is calculated by taking the number of people who left their role within a certain period of time, such as one year, and dividing that number by the average size of the workforce during that period. This gives an indication of how often businesses in the industry need to fill roles due to attrition, making it a valuable tool for assessing the stability of an industry. Understanding turnover rates can help employers identify problems in their organization and make the necessary changes to keep employees engaged and motivated.