Low turnover is a business term that refers to the amount of time employees spend working for a company. It is typically used to measure the loyalty and satisfaction of an employee base. Companies with low turnover retain employees for longer, meaning less costs are spent on hiring and training new staff. This can be beneficial to businesses in the long run, as high staff turnover can lead to decreased productivity, morale and a decrease in quality of customer service. Additionally, companies with low turnover have more stable employee bases, which leads to consistent output and increased efficiency.