Staff Turnover Definition
When most people think of staff turnover, they think of the inevitable ebb and flow of employees in and out of an organization. But what is staff turnover, really?
Staff turnover is the percentage of employees who leave an organization within a given period of time. Turnover can be voluntary, like when an employee resigns, or involuntary, like when an employee is let go.
Voluntary turnover is often caused by dissatisfaction with the job, salary, or working conditions. Involuntary turnover is usually due to performance issues or company restructuring.
Both types of turnover can be costly for businesses. High voluntary turnover can indicate that something is wrong with the company culture or that employees aren’t being properly compensated. High involuntary turnover can point to problems with the hiring process or management style.
To reduce staff turnover, companies need to identify the root causes and put systems in place to address them. For example, if employees are leaving because they’re unhappy with their salaries, companies might implement a salary review process. If employees are leaving because they don’t feel valued, companies might create programs to recognize and reward employee contributions.
The first step in reducing staff turnover is to understand why employees are leaving in the first place. By definition, staff turnover is the percentage of employees who leave an organization within a given period of time. But there are two types of staff turnover: voluntary and involuntary.
Voluntary Turnover: Voluntary
