What is a Employee Turnover?
Lead consultant at Test Partnership, Ben Schwencke, explains what is employee turnover.
Employee turnover (also known as employee attrition) refers to the rate at which employees leave an organisation. It is typically measured as a percentage of the total number of employees who leave the organization during a given period of time, usually over the course of a year. High turnover rates can be costly for an organisation, leading to the loss of high performing employees and the need to spend resources on recruiting, hiring and training new staff. There are two types of employee turnover: voluntary and involuntary. Voluntary turnover is when an employee chooses to leave the organisation, while involuntary turnover is when an employee is fired by the organisation itself.
