HR Glossary for HR Professionals
Glossary of the most common HR terms and acronyms to assist professionals navigating the ever-growing and ever-changing world of HR terminology.
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What is turnover?
Turnover is the rate at which employees leave a workforce, and are replaced.
Voluntary turnover is when an employee leaves a job, whether it’s because they got a new job somewhere else, took an internal transfer, or retired. These types of turnover are typically more expensive to businesses because they often involve the loss of high-performing employees.
Involuntary turnover includes layoffs or reductions in force and terminating poorly performing employees. Involuntary turnover is considered undesirable because it can reflect on the company’s management and financial operations.
Related Terms: Types of Turnover