Turnover Definition In Your Own Words
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Gross profit and net profit.
Turnover definition in your own words. 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. This is different to profit which is a measure of earnings. The industry has a high turnover of young people. Turnover noun employees c2 s or u the rate at which employees leave a company and are replaced by new people.
The aggregate of worker replacements in a given period in a given business or industry. Turnover is a term that is also used for investments. The restaurant did a lively business and had a rapid turnover. Profit is a measure of earnings once all costs have been deducted and for the sake of clarity there are two ways of measuring profit.
Entry 1 of 3 1 a 1. Turnover is the total income the business generates over a specified period such as a quarter half year or end of year. A cycle of purchase sale and replacement of a stock of goods. The turnover of people in an organization or place is the rate at which people leave and are replaced.
Large supermarkets have high turnovers their goods sell very quickly. Business short term contracts increase staff turnover. Assume that a mutual fund has 100 million in assets under management and the portfolio manager sells 20 million in securities during the year. Turnover is the total sales made by a business in a certain period.
Change or movement of people as tenants or customers in out or through a place. Us they ve had a lot of turnover at the factory recently. The ratio of sales for a stated period to average inventory. It s sometimes referred to as gross revenue or income.
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. In human resource terms employee turnover is a measurement of how long your employees stay with your company and how often you have to replace them. The amount received in sales for a stated period. The large number of temporary contracts resulted in a high turnover of staff.
Movement replacement coming and going change more synonyms of turnover. It s an important measure of your business s performance. Turnover noun business c1 c or u the amount of business that a company does in a period of time.
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