Employee Turnover for Dummies
noun
What does Employee Turnover really mean?
Alright, so, employee turnover is basically when employees leave their jobs and are replaced by new employees. Imagine it like a carousel at the playground - when one person gets off, another person gets on. When employees leave their jobs for different reasons like finding a new job, retiring, or just deciding to leave, the company has to find someone else to take their place. This can happen for various reasons - maybe the employee didn't feel happy at their job, or maybe they found a better opportunity somewhere else.
So, when we talk about employee turnover, we're looking at how often this happens at a company. If a lot of people are leaving their jobs at a company, we say that the employee turnover rate is high. On the other hand, if not many people are leaving, the turnover rate is low. High turnover can be a problem for companies because it means they have to spend more time and money finding and training new people. So, it's something that they try to keep track of and work on reducing if it's too high. Does that make sense?
So, when we talk about employee turnover, we're looking at how often this happens at a company. If a lot of people are leaving their jobs at a company, we say that the employee turnover rate is high. On the other hand, if not many people are leaving, the turnover rate is low. High turnover can be a problem for companies because it means they have to spend more time and money finding and training new people. So, it's something that they try to keep track of and work on reducing if it's too high. Does that make sense?
Revised and Fact checked by Brian Anderson on 2023-11-17 07:32:36
Employee Turnover In a sentece
Learn how to use Employee Turnover inside a sentece
- When a worker quits their job and the company has to hire someone new to replace them, that's called employee turnover.
- If a lot of people keep leaving their jobs at a company and new people have to keep coming in, the company has a high employee turnover rate.
- Employee turnover can be a problem for a business because it can cost a lot of money to constantly hire and train new workers.
- Low employee turnover is when not a lot of people leave their jobs and the company doesn't have to keep finding new employees all the time.
- Sometimes companies try to improve employee turnover by making the workplace a better and more enjoyable place to work.
Employee Turnover Synonyms
Words that can be interchanged for the original word in the same context.
Employee Turnover Hypernyms
Words that are more generic than the original word.