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Employee Turnover Is High

oboloo Glossary

Employee Turnover Is High

Employee Turnover is High can mean a variety of different things in business. Generally, it refers to the rate at which employees are coming and going from the business, usually calculated as a percentage of employee departures against those still employed after a period of time – usually a year or more. It indicates that there is low engagement among the employees in their roles, or that the employees are not staying with the company for long periods of time due to issues such as career progression, pay, hours, or workplace culture. High turnover can be damaging to businesses as it creates instability, costs businesses money and time in training new staff, and can lead to even higher turnover in the future. It is of utmost importance that businesses prioritize keeping their employees satisfied so that they remain motivated and engaged in their positions, reducing this measure of turnover.

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