The Average Corporate Turnover Rate is a metric that provides insight into how quickly a company loses and replaces its employees. It’s calculated by dividing the total number of employee departures during a given period by the average size of the workforce during the same period. A high turnover rate can be an indication of a lack of job satisfaction or workplace turnover, which can have a number of negative consequences for both the company and its workers. On the other hand, a low turnover rate can be indicative of strong employee engagement and loyalty to the organization.