turnover

(noun)

In a human resources context, turnover or staff turnover or labor turnover is the rate at which an employer gains and loses employees.

Related Terms

Examples of turnover in the following topics:

  • Reducing Turnover

    • In a human resources context, turnover is the rate at which employees leave an organization.
    • Staff turnover can be optimal when a poorly performing employee decides to leave an organization, or dysfunctional when the high turnover rate increases the costs associated with recruitment and training of new employees, or if good employees consistently decide to leave .
    • Turnover is measured for individual companies and for their industry as a whole.
    • Preventing the turnover of employees is important in any business.
    • Turnover can be optimal when a poorly performing employee decides to leave an organization.

  • Activity Ratios

    • Companies with low profit margins tend to have high asset turnover, while those with high profit margins have low asset turnover.
    • Companies in the retail industry tend to have a very high turnover ratio due mainly to cutthroat and competitive pricing.
    • Fixed asset turnover = Net sales / Average Net Fixed Assets
    • Inventory turnover is also known as inventory turns, stockturn, stock turns, turns, and stock turnover.
    • A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.

  • Review Techniques

    • In a human resources context, turnover is the rate at which employees leave an organization.
    • Staff turnover can be optimal when a poorly performing employee decides to leave an organization, or dysfunctional when the high turnover rate increases the costs associated with recruitment and training of new employees, or if good employees consistently decide to leave .
    • Turnover is measured for individual companies and for their industry as a whole.
    • Preventing the turnover of employees is important in any business.
    • Turnover can be optimal when a poorly performing employee decides to leave an organization.

  • Why do businesses greenwash

    • An attempt to reduce the turnover of environmentally conscious staff (or to attract more staff), and

  • HR Metrics

    • "The old HR measures, such as head count, the cost of compensation and benefits, time to fill, and turnover, no longer cut it in this new world of accountability.
    • Measurements here can include a variety of traditional measurements such as employee turnover, average stay of employees, efficiency of employees, etc.
    • Time to fill becomes time to productivity; turnover rate becomes turnover quality; training costs become training return on investment" (Schneider, 2006).
    • They can range from something simple and standard such as employee turnover to something creative that measures the effects of human capital increases, customer satisfaction increases, etc.

  • Resource extension is not just for manufacturers

  • Efficient buildings increase profits

  • Job Design

    • Using this technique, among others, the company is able to reduce turnover.
    • Using this technique the company is able to reduce turnover.
    • These three psychological states in turn are related to positive outcomes such as overall job satisfaction, internal motivation, higher performance, and lower absenteeism and turnover.

  • Revenues

    • In the United Kingdom and other countries, revenue is referred to as turnover.

  • Employee Responsibility

    • As an alternative to job specialization, companies using job enrichment may experience positive outcomes, such as reduced turnover, increased productivity, and reduced absences.