Employee Turnover Definition Dictionary

The ratio of the labor turnover to the average number of employees in a given period.

Employee turnover definition dictionary. The rate at which items are sold especially with reference to the depletion of stock and replacement of inventory. Things are slow now but they expect an increased turnover next month. The turnover of a company is the value of the goods or services sold during a particular period of time. The total amount of business done in a given time.

When an employee leaves your company it is turnover or separation. While an organization usually measures the total number of employees who leave turnover can also apply to subcategories within an organization like individual departments or demographic groups. The rate at which employees leave a company and are replaced by new employees. Employee turnover or staff turnover is a measurement of how many employees are leaving a company.

Employee turnover or employee turnover rate is the measurement of the number of employees who leave an organization during a specified time period typically one year. However companies that measure their employee turnover often separate these to manage each type of turnover. This includes employees that either quit were let go or retired. It s a way to track whether a company has more employees leaving than is typically expected.