oboloo Glossary

Current Turnover Rates

oboloo Glossary

Current Turnover Rates

Current turnover rates refer to the rate at which an organization’s employees are leaving and being replaced. A high turnover rate means that a company is losing employees at an alarming rate, whereas a low rate indicates that most staff have remained in their positions for some time. Companies can use this metric to gauge the level of engagement within the organization, identify common issues that are causing workers to leave, and develop strategies to retain top talent. Understanding current turnover rates can help businesses maintain a productive and efficient workforce.