Small Business Glossary and Definitions
What is Staff Turnover?
Staff Turnover is the rate at which workers leave or are fired from an organization. Turnover is an important metric of how a company is performing. A high turnover rate can uncover problems within organization culture and can be detrimental to a company because of the costs associated with recruiting and training new employees, not to mention inefficiencies while employees are in the onboarding process. On the other hand, a very low rate of turnover can be a signal that a company is unable to adapt to changes in the industry.