What is the meaning / definition of   in the  industry?

Also known as turnover rate or  turnturnover rate.

The term refers to the annual average percentage of employees who leave the business during a certain amount of time. The  turnover can be affected by both the employer or the employees. In general companies should aim to keep the staff turnover as low as possible.

How can  turnover be calculated?

turnturnover rate = (Number of employees that left during the given period / Average number of employees during the period) x 100

turnover can be split into voluntary turnover and involuntary turnover.

Voluntary turnover refers to actively choosing to leave an company. Voluntary turnover happens due to many reasons, some of which are better job opportunities elsewhere, conflict within the workplace, disengagement, a lack of motivation etc.

Involuntary turnover is when an employer chooses to fire an employee, due to negative behaviour possibly due to poor performance or other reasons.

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