Employee Turnover

What is Employee Turnover?

Employee turnover refers to the rate at which employees leave an organization, either voluntarily or involuntarily.

Why It's Important

High turnover can indicate dissatisfaction, poor management, or a lack of growth opportunities, affecting business continuity and morale.

Employee Turnover in Practice

Organizations track turnover rates and conduct exit interviews to understand why employees leave and how to improve retention.

Effects of High Employee Turnover

• Increases recruitment and training costs.
• Reduces team productivity and morale.
• Can damage company reputation and culture.

Best Practices for Reducing Employee Turnover

• Offer competitive compensation and benefits.
• Foster a positive and inclusive workplace culture.
• Provide growth and career development opportunities.