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Turnover Rate Of Employees

oboloo Glossary

Turnover Rate Of Employees

Turnover rate of employees is a business metric used to measure the number of employees that leave an organization in a given period divided by the average number of total employees. It’s a helpful figure for understanding how well an organization is recruiting and retaining staff, as well as gauging employee satisfaction. High employee turnover can be a sign of many problems, such as lack of engagement, poor working conditions, or inadequate salary. Companies should track their turnover rate to see if changes need to be made and develop strategies to reduce turnover and retain valuable employees.

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