Employment Turnover is the rate at which employers are replacing workers in an organization. It is calculated by dividing the number of voluntary and involuntary departures over a certain period, such as a fiscal year, by the average number of employees during that period. The resulting percentage indicates how often a business has to hire new employees, providing insights into its efficiency in recruitment, retention, and human resource management strategies. Keeping a healthy Employment Turnover rate means avoiding both excessive changes in staff or too little displacement of outmoded personnel.