Employee Turnover Definitions & Calculations
While it’s important to understand the total separations rate for your region or industry, you might be more concerned with your own business’s turnover rate. It is the percentage of employees who leave that particular workforce during a defined period of time, usually one year. In a way, the increasing turnover rates are a positive sign of a strong job market.
First, it can tell you whether your recruitment methods are working. If a significant number of your new employees leave […]