Employment turnover rate is an important indicator of a company’s performance, representing the number of times employees come and go over a given period. It can give employers insight into whether their hiring and retention strategies are effective and identify areas for improvement. Calculating turnover is simple — divide the total separations (or exits) in the given period by the average employment number over that same time frame. This percentage will be the rate at which employees have been coming and going in your organization. Understanding this metric can help employers take proactive steps to address any underlying issues, such as providing better benefits or improving workplace culture. Ultimately, it’s essential to track this number in order to remain competitive in today’s ever-changing job market.