Lower turnover rate is a key performance indicator for successful businesses, as it demonstrates the ability to retain high-performing employees. It’s defined as the number of employees who leave their role divided by the average number of employees over the same period. A lower turnover rate signals that company morale and culture are attractive to staff, and employees are committed to pursuing their goals with the business. By striving to reduce your organization’s turnover rate, you can build a team that thrives in a positive work environment.