Employee Turnover (Noun)
Meaning
The ratio of the number of workers that had to be replaced in a given time period to the average number of workers.
Classification
Nouns denoting relations between people or things or ideas.
Examples
- The company's employee turnover rate was alarmingly high, with over 50% of its staff leaving within the first year of employment.
- The HR department was tasked with reducing the employee turnover, as it was affecting the overall productivity and morale of the organization.
- The employee turnover ratio was calculated to be 2:1, meaning that for every one employee who stayed, two had to be replaced.
- High employee turnover can have significant costs for a business, including recruitment and training expenses.
- The company implemented a number of initiatives aimed at reducing employee turnover, including improved training programs and more competitive salaries.