turnover rate

Turnover rate refers to the percentage of employees who leave a company within a specific period, usually a year. It indicates how frequently staff members are changing jobs at that organization. A high turnover rate can suggest issues like job dissatisfaction or better opportunities elsewhere, while a low rate typically reflects stability and employee retention. Understanding this metric helps companies assess their work environment, manage costs associated with hiring and training new staff, and develop strategies to improve employee satisfaction and loyalty.