High turnover can strike anxiety in the heart and mind of any HR professional, and it’s not surprising as to why. Turnover costs companies money, time and lost productivity. Understanding your employee turnover rate can help you determine if you’re losing more employees than necessary or if you’re in that sweet spot for building the strongest team.
What is Employee Turnover Rate?
Employee turnover rate is an HR metric used to determine the rate at which employees both voluntarily and involuntarily leave your company. Calculating your turnover rate provides a picture of how satisfied your employees are, how engaged and