Employee Turnover Meaning | Calculate Employee Turnover
Employee turnover refers to the rate at which employees leave a company and are replaced by new hires. It is typically expressed as a percentage of the total workforce over a specific period, such as monthly or annually. High employee turnover can indicate potential issues within the organization, such as poor job satisfaction, inadequate compensation, or lack of career advancement opportunities. Conversely, low turnover may suggest that employees are generally satisfied and engaged with their work.