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Turnover Rate (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 high turnover rate was a major concern for management, as it resulted in significant recruitment and training costs.
  • The turnover rate in the retail industry is notoriously high, with many employees leaving after just a few months.
  • To reduce the turnover rate, the company implemented a new employee retention program that included competitive salaries and benefits.
  • The turnover rate in the manufacturing sector has been steadily increasing over the past year, prompting calls for improved working conditions.
  • The human resources department closely monitored the turnover rate to identify trends and areas for improvement in employee satisfaction and engagement.

Synonyms

  • Employee Turnover
  • Turnover

Hypernyms

  • Ratio
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