Employee Turnover is the rate at which employees leave an organization voluntarily or involuntarily, measured to assess retention and workforce stability.
- What is employee turnover?
Answer: It is the rate at which employees leave an organization. - What are the types of turnover?
Answer: Types include voluntary (e.g., resignations) and involuntary (e.g., layoffs). - How is turnover rate calculated?
Answer: It is calculated by dividing departures by average employees over a period. - What are the costs of high turnover?
Answer: Costs include recruitment, training, and lost productivity. - How can HR reduce turnover?
Answer: HR can improve engagement, offer growth opportunities, and conduct exit interviews.
