The percentage of employees who leave an organization over a given period.
Employee turnover rate measures the proportion of employees who leave an organization within a specific time period, expressed as a percentage of the total workforce. Formula: (Number of departures ÷ Average number of employees) × 100. Industry average annual turnover rates vary widely — from around 10% in stable sectors to 30%+ in retail and hospitality. Turnover rate is a key HR metric tracked by CEOs and boards, as high turnover directly impacts business costs, productivity, and morale.
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