Employee turnover can be defined as the rate of change in an organization’s workforce. It measures how quickly employees move out of the organization over a certain period of time and is typically calculated by dividing the number of staff members who left during a given time frame by the total number of employees for that same time frame. A high turnover rate typically indicates an issue within the workplace, but organizations can use it as a benchmark to measure success, or lack thereof. Companies with low turnover rates are often known for their employee-friendly culture, competitive salary packages, and excellent job satisfaction levels. Put simply, employee turnover benchmarking gives employers better insight into how they’re doing compared to other similar organizations.