Turnover Rates

Turnover rate refers to the percentage of employees who leave a company within a specific period, usually a year. It helps organizations understand how often staff members are exiting and being replaced. A high turnover rate can indicate issues like low job satisfaction, poor management, or better opportunities elsewhere. Conversely, a low rate suggests stability and employee retention. Tracking turnover is important for managing costs, maintaining productivity, and ensuring a healthy work environment. It provides insights into organizational health and helps in planning recruitment and retention strategies.