employee turnover

• Employee turnover - refers to the rate at which employees leave an organization and need to be replaced by new hires.
• Voluntary Turnover: When employees choose to leave the organization willingly, often for reasons such as pursuing new opportunities or seeking better work conditions.
• Involuntary Turnover: When employees are terminated or laid off by the organization due to performance issues, restructuring, or other operational reasons.
• Calculation: Employee Turnover Rate (%) = (Number of Employees Who Left / Average Total Number of Employees) × 100
• High turnover can lead to increased recruitment costs, reduced productivity during onboarding, loss of institutional knowledge, and decreased team morale.