Employee Turnover

Employee turnover is defined as the staff who leave your workforce over time. People may leave because they retire, resign, get fired, or transfer. Any reason counts towards employee turnover. The turnover rate is calculated by dividing the number of staff who leave by the annual average number of employees. Times the answer by 100 to express the turnover rate as a percentage. A high turnover rate can indicate potential issues within the organization, such as low employee satisfaction or poor management practices, and can lead to increased recruitment and training costs.