Industry turnover rate refers to the percentage of employees in a certain sector or industry that leave or are replaced in a specified period of time. It is an indicator of how efficiently and effectively an organization manages its human resources, and can be helpful when evaluating how competitive and successful an organization is compared to others. Understanding industry turnover rate also helps organizations assess their hiring practices, salary levels, and other key indicators. When viewed over a longer period of time, turning rate data can reveal patterns and trends which may offer valuable insight into an industry’s overall health and potential growth areas.